PLEASE HELP.
I am very confused for computation of holiday pay. I have a guidelines states that should be paid 250% of the gross hourly rate.Likewise 150% for firday.
If the salary is 2000 AED fixed monthly rate. Friday is paid leave.
How will I compute if employee works 5 hours in friday?
Is this correct?
2000/30/8*1.50* 5hrs = 62.45 (Friday OT)+2000 = 2062.45
but others computed as this:
2000 / 30 / 8 * .50 * 5hrs = 20 ( Friday OT) + 2000 = 2020.00
because the 100% in friday is already included in 2000?
as well as in holiday computation.
I am very confused for computation of holiday pay. I have a guidelines states that should be paid 250% of the gross hourly rate.Likewise 150% for firday.
If the salary is 2000 AED fixed monthly rate. Friday is paid leave.
How will I compute if employee works 5 hours in friday?
Is this correct?
2000/30/8*1.50* 5hrs = 62.45 (Friday OT)+2000 = 2062.45
but others computed as this:
2000 / 30 / 8 * .50 * 5hrs = 20 ( Friday OT) + 2000 = 2020.00
because the 100% in friday is already included in 2000?
as well as in holiday computation.