How to Compute the Benefits of a Minimum Wage Earner
How to compute the benefits of a minimum wage earner for days regular work day, work on special day, and work on regular holiday?
Scenario:
Juan Tusawa is employed with Extreme Sales, Inc. located in NCR as clerk and paid the minimum wage for more than one year. He is daily paid and reports for work for 6 days a week at 8 hours per day. His established day-off is Sunday. How much should the company pay him under the following circumstances?
- Minimum wage
- Daily minimum wage
Basic Wage – PhP502.00
COLA – PhP 10.00
Daily Minimum Wage PhP512.00
- Monthly Equivalent
Factor: 313
Formula: Daily Minimum Wage x 313 days / 12 months
Solution: PhP512.00 x 313 days / 12 months
PhP160,256.00 / 12 months
PhP13,354.67
- Overtime pay
- Regular working day
Daily Minimum Wage – PhP512.00
Basic Wage – PhP502.00
COLA – PhP10.00
Hourly Rate
Formula: Basic Wage / 8 hours
Solution: PhP502.00 / 8 hours
PhP62.75 / hour
X worked for 4 hours beyond 8 hours during his regular work day. How is his pay for work with the OT pay?
OT Pay on regular working day
Formula: Hourly rate x 1.25 x No. of OT hours
PhP62.75 x 1.25 x 4 hrs
PhP78.44 x 4 hrs
PhP313.76
Total pay for the day: Minimum Wage + OT pay
PhP512.00 + PhP313.76
PhP825.76
- Special day pay (e.g. Ninoy Aquino, November 1)
- Work on special day
Daily Minimum Wage – PhP512.00
Basic Wage – PhP502.00
COLA – PhP10.00
Get a copy of the re-numbered and updated Labor Code 2018 Edition by Atty. Villanueva
Premium Rate for work on special day
Formula: Basic Daily Wage x 1.30
Solution: PhP502.00 x 1.30
PhP652.60
- Regular holiday
- Work on regular holiday
Daily Minimum Wage – PhP512.00
Basic Wage – PhP502.00
COLA – PhP10.00
Premium Rate for work on regular holiday
Formula: Minimum Wage x 2.00
Solution: PhP512.00 x 2.00
PhP1,024.00
- Pay if did not work on regular holiday
Daily Minimum Wage – PhP512.00
Basic Wage – PhP502.00
COLA – PhP10.00
Premium Rate if did not work on regular holiday
Formula: Minimum Wage x 1.00
Solution: PhP512.00 x 1.00
PhP512.00
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