How To Calculate Hourly Wages

Table of contents:

How To Calculate Hourly Wages
How To Calculate Hourly Wages

Video: How To Calculate Hourly Wages

Video: How To Calculate Hourly Wages
Video: How To Calculate Your Hourly Pay - Calculate Dollars Per Hour And Know How Much Your Time Is Worth 2024, December
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Currently, enterprises use two types of payroll for their employees - the official salary (rate) and piecework wages, when wages depend on the amount of the product produced, the unit of which has a fixed pay. It is required to calculate the hourly wage of an employee in some cases, related, for example, to overwork or job replacement.

How to calculate hourly wages
How to calculate hourly wages

Instructions

Step 1

For employees who have established the required rate of hours, for example, employees of educational institutions, the amount of hourly wages in the current month or for a specified period is determined as the quotient of the division of the monthly wage rate of the employee in accordance with the category of the Unified Tariff Grid for Remuneration (ETP), paid for the standardized number of hours, for the average monthly number of working hours.

Step 2

Many enterprises and organizations, within the limits of the funds available to them for labor remuneration, independently establish additional payments, allowances, bonuses and other forms of material incentives for their employees and employees. All these payments, including one-time payments, are included in the total employee's salary calculated for the year. Accordingly, his hourly wages are calculated taking into account these payments. Hourly wages will be equal to the amount of wages for the previous 12 months (together with vacation payments) divided by 12 and by the average number of hours worked.

Step 3

If the work is piecework, then the calculation is made in the same way, based on the amount of wages, including bonuses, vacation pay and other one-time payments.

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