28
Feb
USING A FACTOR TO CONVERT MONTHLY PAY TO DAILY EQUIVALENT (Part 1)
Based on this new NCR daily minimum wage of P491.00, how is the monthly equivalent computed? Some employers refer to either 22 days or 26 days, depending on whether they require work on a Saturday or not. The proper way to determine is to use the factor or divisor. Thus, the equivalent monthly minimum wage shall depend upon the number of days considered as days worked in a year. This is known as the factor. Thus, factors like 313 days, 365 [...]