HRSINGAPORE | Overtime Calculation Formula

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Overtime Calculation Formula - Update 1 (Replies)

QUESTION

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

REPLY 1

The formula is:

(12 x monthly basic salary) / (52 weeks x working hours in a week)

Dan

REPLY 2

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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