HI All, I have a question on how to calculate the overtime compensation for piece rate workers in Bangladesh. Anyone can help? Thanks. Rgds, Giovanna
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Dear All I have a question on how to calculate the overtime compensation for piece rate workers in Bangladesh. Anyone can help? Thanks. Rgds Taslim Compliance Officer
Dear Taslim,
Here ur ans.
Overtime pay is calculated in Bangladesh as like:
(Hourly pay rate x 2.00) = over time payment
Hourly paid comes as like:
Basic Salary / 26 days = one day salary
One day Salary / 8 hours = one Hour salary
Thanks,
Tania
Dear Taslim, If you want to calculate overtime & Holiday allowance follow this format. Overtime total Basic*2/208 per hour bill Holiday Allowance Gross Salary/26 Thanks Akhtar 01715-144308
Process on Salary, Wages, Festival Bonus and Annual Leave payment & Over Time Calculation ( Worker )
Salary Calculation: Garments Textile
Gross Salary =5300. Gross Salary =3505
Basic (Gross-(M+F+C)/1.4) =3000. Basic (Gross-(M+C)/1.35) =2300
Medical (Fixed) (M) =250. Medical (Fixed) (M) =300
Food (Fixed) (F) =650. Convince (Fixed) (C) =100
Convince (Fixed) (C) = 200. House Rent (35% of Basic)=805
House Rent (40% of Basic) =1200.
Basic/Days of month*Payable Days + Medical+ Food+ Convince+ House Rent =Pay Salary.
Pay Salary + OT Amount + Attendance Bonus =Gross Pay.
Gross pay – (Advance Amount + Stamp) =Total Pay.
Over Time Calculation:
Basic/208*2 =OT Rate.
OT Rate*OT Hour =OT Amount.
Working & Pay Days:
Actual Day (Without Holiday) =Monthly Working days.
Actual Duty Days (Without Holiday/Off Day/Leave) =Present days.
Monthly Working days-Payable days =Absent days.
Present days + (Holiday/Off day/Leave) =Actual Payable days.
Deduction process for unauthorized absent days:
For probationary Employee:
Deduction from Gross Salary
Gross Salary/30*total absent day =Absent amount.
Or Basic Salary/30*total absent day
For permanent Employee:
Deduction from basic salary
Basic salary/30*total absent day =Absent amount.
Earn (Annual) Leave Payment:
Present days/18-Availed AL =Payable days.
Gross Salary/30*payable days =Payable amount.
Festival (EID) Bonus Payment:
After Complementation 12 month payable amount is 100% of Basic Salary.
........For Bangladesh RMG Sector.......
Process on Salary, Wages, Festival Bonus and Annual Leave payment & Over Time Calculation ( Worker )
Salary Calculation: Garments Textile
Gross Salary =5300. Gross Salary =3505
Basic (Gross-(M+F+C)/1.4) =3000. Basic (Gross-(M+C)/1.35) =2300
Medical (Fixed) (M) =250. Medical (Fixed) (M) =300
Food (Fixed) (F) =650. Convince (Fixed) (C) =100
Convince (Fixed) (C) = 200. House Rent (35% of Basic)=805
House Rent (40% of Basic) =1200.
Basic/Days of month*Payable Days + Medical+ Food+ Convince+ House Rent =Pay Salary.
Pay Salary + OT Amount + Attendance Bonus =Gross Pay.
Gross pay – (Advance Amount + Stamp) =Total Pay.
Over Time Calculation:
Basic/208*2 =OT Rate.
OT Rate*OT Hour =OT Amount.
Working & Pay Days:
Actual Day (Without Holiday) =Monthly Working days.
Actual Duty Days (Without Holiday/Off Day/Leave) =Present days.
Monthly Working days-Payable days =Absent days.
Present days + (Holiday/Off day/Leave) =Actual Payable days.
Deduction process for unauthorized absent days:
For probationary Employee:
Deduction from Gross Salary
Gross Salary/30*total absent day =Absent amount.
Or Basic Salary/30*total absent day
For permanent Employee:
Deduction from basic salary
Basic salary/30*total absent day =Absent amount.
Earn (Annual) Leave Payment:
Present days/18-Availed AL =Payable days.
Gross Salary/30*payable days =Payable amount.
Festival (EID) Bonus Payment:
After Complementation 12 month payable amount is 100% of Basic Salary.
........For Bangladesh RMG Sector.......
Want to know if there is a change in the currently written article. What is the meaning of the above two gross salaries. Please help me./01911643897
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