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Formula Labor
Formula Labor
SUMMARY OF RATES
DAY PREMIUM PAY HOLIDAY PAY
Rest day 30%= (130%) (basic daily rate)
Special day 30% = (130%) (basic daily rate)
Special + Rest 50%= (150%) (basic daily rate)
100%+100%= (200%) (basic daily
Legal Holiday
rate)
Legal Holiday + Rest 260%= (260%) (basic daily rate)
OT 30%
OVERTIME FORMULA
Must be at least 30 minutes to be considered compensable (25%)
If hourly rate=365.00
x=OT pay
365
Ordinary working days 𝑥= (1.25)(𝑛𝑜 𝑜𝑓 ℎ𝑜𝑢𝑟𝑠 𝑜𝑓 𝑜𝑣𝑒𝑟𝑡𝑖𝑚𝑒 𝑤𝑜𝑟𝑘)
8
365
On a scheduled rest day or special day 𝑥= (1.25)(1.30)(𝑛𝑜 𝑜𝑓 ℎ𝑜𝑢𝑟𝑠 𝑜𝑓 𝑜𝑣𝑒𝑟𝑡𝑖𝑚𝑒 𝑤𝑜𝑟𝑘)
8
Special day that falls on a scheduled 365
𝑥= (1.25)(1.50)(𝑛𝑜 𝑜𝑓 ℎ𝑜𝑢𝑟𝑠 𝑜𝑓 𝑜𝑣𝑒𝑟𝑡𝑖𝑚𝑒 𝑤𝑜𝑟𝑘)
rest day 8
365
On a regular holiday 𝑥= (1.25)(2.0)(𝑛𝑜 𝑜𝑓 ℎ𝑜𝑢𝑟𝑠 𝑜𝑓 𝑜𝑣𝑒𝑟𝑡𝑖𝑚𝑒 𝑤𝑜𝑟𝑘)
8
365
On a regular holiday and rest day 𝑥= (1.25)(2.6)(𝑛𝑜 𝑜𝑓 ℎ𝑜𝑢𝑟𝑠 𝑜𝑓 𝑜𝑣𝑒𝑟𝑡𝑖𝑚𝑒 𝑤𝑜𝑟𝑘)
8