How to Calculate for the Hourly Rate from Your Basic Salary?

For Daily-paid employees, here is how the hourly rate is computed:

(Daily rate) / (total working hours per day) = HOURLY RATE 

You can check out the examples below:

Daily Rate: ₱ 500.00

Total Working Hours Per Day: 8 hours

Hourly Rate: ?

(500) / (8) = ₱ 65.50

Daily Rate: ₱ 537.00

Total Working Hours Per Day: 8 hours

Hourly Rate: ?

(537) / (8) = ₱ 67.13

For Monthly Paid Employees, you need to get first the daily rate down to its hourly rate

(Monthly Rate * 12 months ) / Work days per year = Daily Rate

Daily Rate / Required Working Hours per day = Hourly Rate

Sample: 

Monthly Rate: 25,000

Work Days per year: 261

Required Working Hours Per Day: 8 hours

Annual Rate: 300,000 =25,000 *12 months

Daily Rate: 1,149.43 =300,000 / 261 days

Hourly Rate: 143.68 = 1,149.43 / 8 hours

 

And that's it!