Dear Friends,
Can you please guide me in how to calculate normal overtime hour factor. What I know is
Basic salary X 12Months / 365Days = 1 day avg Basic Salary
1 day avg basic salary / 8hrs = 1 hr avg basic salary
1 hr avg basic salary X 1.5Factor = 1 hr normal overtime cost.
Please tell me if this is the actual true formula if not please guide me for the best one.
Thanks & Regards,
Khaiser Ali Shah
00966509928983
Can you please guide me in how to calculate normal overtime hour factor. What I know is
Basic salary X 12Months / 365Days = 1 day avg Basic Salary
1 day avg basic salary / 8hrs = 1 hr avg basic salary
1 hr avg basic salary X 1.5Factor = 1 hr normal overtime cost.
Please tell me if this is the actual true formula if not please guide me for the best one.
Thanks & Regards,
Khaiser Ali Shah
00966509928983