Salary Formula:
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This calculator converts hourly wage to monthly and annual salary in the Philippines, accounting for regular and overtime hours according to Philippine labor laws.
The calculator uses the following formula:
Where:
Details: Accurate salary calculation helps both employers and employees understand compensation, especially when overtime is involved. In the Philippines, labor laws mandate specific overtime pay rates.
Tips: Enter your hourly rate, regular hours per day, overtime hours (if any), and typical work days per month. The calculator will show monthly, annual, and Philippine standard annual salary (based on 313 working days).
Q1: What is the standard overtime rate in the Philippines?
A: The standard overtime rate is 125% of the hourly rate for work beyond 8 hours per day.
Q2: Why 313 working days?
A: The Philippines typically has 313 working days per year (365 days minus weekends and public holidays).
Q3: Is night differential included?
A: This calculator doesn't include night differential (typically +10% for work between 10pm-6am).
Q4: What about holiday pay?
A: Holiday pay calculations are separate. Regular holidays pay 200% of daily rate, special days pay 130%.
Q5: How accurate is this for contractual workers?
A: This works for both regular and contractual employees as long as they're paid hourly with proper overtime.