Part-Time Salary Formula:
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The Part-Time Salary Calculator helps determine the monthly net salary for part-time workers in the Philippines by adjusting the full-time salary proportionally based on hours worked, after deducting mandatory contributions and taxes.
The calculator uses the following formula:
Where:
Details: Proper salary calculation ensures compliance with labor laws, accurate budgeting, and fair compensation for part-time workers.
Tips: Enter all financial values in PHP. For full-time hours, 40 is standard but can be adjusted based on company policy. Ensure part-time hours don't exceed full-time hours.
Q1: Are part-time workers entitled to benefits?
A: Part-time workers in the Philippines are generally entitled to proportional benefits based on hours worked.
Q2: How are contributions calculated for part-time?
A: SSS, PhilHealth, and Pag-IBIG contributions are typically based on actual earnings but may have minimum requirements.
Q3: What's the standard full-time work week?
A: In the Philippines, 40 hours per week is standard for full-time employment.
Q4: Can part-time hours exceed full-time hours?
A: No, part-time by definition should be less than full-time hours. If hours match or exceed, the employee should be classified as full-time.
Q5: Is overtime pay different for part-time?
A: Overtime rules apply when part-time workers exceed their agreed hours or work beyond 8 hours in a day.