HRSINGAPORE Community Discussions
Overtime Calculation Formula - Update 1 (Replies)
Dear HR Professionals,
I understand that for overtime calculation for monthly rated employee, it is (12 x Monthly basic rare of pay)/ 52*44. If my company working hour is 840am to 6pm (less than 44 hours), what should the formula be?
Thank you all in advance
The formula is:
(12 x monthly basic salary) / (52 weeks x working hours in a week)
The legal formula is 44 hours per week. If the company is generous in using lesser weekly hours in the OT formula (eg 43 hours), this will give employee a higher OT rate, which MOM will not object but gladly welcome.
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