The calculation of overtime pay is a concern for every worker. In China, the calculation of overtime wages involves many factors, including overtime hours, wage base, work system and type of overtime. This article will take a closer look at how overtime pay is calculated to help you understand your benefits.
1. The basis for calculating overtime wages.
Overtime pay is calculated on the basis of the wage base. According to national regulations, the wage base is the total salary of the employee's position divided by the corresponding average number of monthly salary days. Therefore, the premise for calculating overtime pay is to determine the wage base.
2. Calculation method of overtime wages.
1.How to calculate overtime wages based on standard working hours.
The standard working hour system refers to the working hours system of no more than 8 hours per day and no more than 40 hours per week. In this case, the formula for calculating overtime pay is as follows: overtime pay = daily standard wage * (overtime hours on weekdays * 150% + overtime hours on holidays * 200% + overtime hours on statutory holidays * 300%). Among them, the daily standard wage is the monthly wage divided by the number of monthly pay days (21.).75 days).
For example, an employee's monthly salary is 5,000 yuan, and he works 40 hours of overtime on weekdays, 20 hours on rest days, and 10 hours on statutory holidays in a month. According to the above formula, the employee's overtime salary is: 2031 yuan.
2.Comprehensive calculation of overtime wages based on working hours.
The comprehensive calculation of working hours system refers to a working hours system that comprehensively calculates working hours on a weekly, monthly, quarterly, and annual basis. Under this working hours system, the formula for calculating overtime pay is as follows: overtime wages = comprehensive calculated working hours * (actual working hours - statutory working hours) 150% + comprehensive calculated working hours * (300% of statutory holidays and holiday working hours).
For example, an employee's monthly salary is 5,000 yuan, and the actual working hours in a month are 240 hours, and the statutory working hours are 200 hours. According to the above formula, the employee's overtime pay is: 937$5.
It should be noted that if the employee actually works more than the statutory working hours in a month, the excess shall be paid overtime according to the standard of 150%;If you work on a statutory holiday, you should be paid overtime at the rate of 300%.
3. How to protect your rights and interests.
Workers should pay attention to the following points when calculating overtime wages:
1.Confirm whether your working hours system is a standard working hours system or a comprehensive calculation working hours system
2.Confirm your salary base;
3.Keep track of your overtime;
4.Understand local laws, regulations, and policies;
5.If you find that your overtime pay has been calculated incorrectly, you can file a complaint with your employer or with the labor inspection department.
In short, employees should pay attention to protecting their rights and interests when calculating overtime wages. Only by understanding your own rights and regulations can you better protect your own interests. At the same time, employers should also comply with laws, regulations and policies to protect the legitimate rights and interests of employees.