MOM Salary Hourly Rate Formula:
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The MOM (Ministry of Manpower) Salary Hourly Rate is calculated by dividing the total salary by the standard working hours as defined by Singapore's Ministry of Manpower. This helps determine the equivalent hourly wage for employees.
The calculator uses the simple formula:
Where:
Explanation: This calculation provides the equivalent hourly wage based on the total salary and standard working hours.
Details: Calculating the hourly rate is important for comparing wages, understanding overtime pay rates, and ensuring compliance with employment regulations.
Tips: Enter the total salary in SGD and the standard working hours in hours. Both values must be positive numbers.
Q1: What are standard MOM working hours?
A: In Singapore, the standard working hours are typically 44 hours per week as per MOM guidelines, but this may vary by employment contract.
Q2: Does this include CPF contributions?
A: This calculator uses gross salary before CPF deductions. For net hourly rate, you would need to account for CPF and other deductions.
Q3: How does overtime pay relate to hourly rate?
A: Overtime pay is typically calculated as 1.5 times the basic hourly rate for work beyond standard hours.
Q4: Can I use this for part-time salary calculations?
A: Yes, this calculator can be used for both full-time and part-time salary calculations.
Q5: How often should I recalculate my hourly rate?
A: You should recalculate whenever your salary or working hours change significantly.