Find out how to calculate overtime pay, unpaid leave deductions, and leave encashments for employees in Singapore.
How to calculate overtime pay
Employees who work more than their normal working hours are entitled to overtime pay. Overtime rate in the Philippines ranges from 1.25 to 3.38 times of normal hourly rate, therefore the calculation is carried out by multiplying the hourly rate of pay with overtime rate, and then multiplying it again with the number of hours the employee worked overtime.
How to calculate the amount to deduct from unpaid leave
Unpaid leave deductions depends on company regulations, but the process is customarily carried out by multiplying the daily rate of pay with the number of unpaid leave taken.
How to calculate leave encashment
Leave encashment calculation depends on company regulations, but is customarily carried out by multiplying the daily rate of pay with the number of unutilized leaves.