By MoneyBees
Convert an hourly rate into a daily, weekly, monthly and yearly salary, or back, on MOM's formulas, with the overtime rate, part-time status and take-home pay per hour.
Multiply the hourly rate by your hours a week and by 52 weeks, then divide by 12. S$15 an hour for 40 hours a week is S$15 x 40 x 52 / 12 = S$2,600 a month, or S$31,200 a year.
For a monthly-rated full-time employee, MOM's hourly basic rate is 12 x monthly basic pay / (52 x 44). For a part-time employee it is 12 x monthly basic pay / (52 x the hours worked in a week).
MOM's daily rate is 12 x monthly pay / (52 x the average number of days you are required to work a week). On S$3,000 a month and a 5.5-day week that is S$125.87. The basic rate is used for rest day and holiday work, the gross rate for leave and notice pay.
44 hours is the limit on normal working hours in a week under the Employment Act. MOM's overtime formula uses it for every monthly-rated full-timer, so someone on a 40-hour contract still has an overtime base of 12 x monthly / (52 x 44).
MOM treats an employee contracted to work less than 35 hours a week as part-time. Leave and public holidays are pro-rated to the hours worked against a similar full-timer.
At least 1.5 times the hourly basic rate, for employees covered by Part 4 of the Employment Act: workmen earning up to S$4,500 basic a month and other employees up to S$2,600. For non-workmen the rate is capped at S$13.60 an hour before the 1.5 times.
Not here. The converter multiplies one month's pay by 12. Add any AWS or bonus on top, and use the take-home pay calculator to see the CPF and tax on it.
On a 44-hour week, S$10 x 44 x 52 / 12 = S$1,906.67 a month, or S$22,880 a year. On a 20-hour part-time week it is S$866.67 a month.
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