What is a monthly-paid or daily-paid employee?

Monthly-paid employees are “those who are paid every day of the month, including unworked rest days, special days, and regular holidays. Factor 365 days in a year issued in determining the equivalent monthly salary of monthly-paid employees.” (2016 Handbook on Statutory Monetary Benefits)

Daily-paid employees are “those who are paid on the days they actually worked and on unworked regular holidays.”

EEMR Computation

The 2016 Handbook on Statutory Monetary Benefits provide for the following computations as guide to assist employers and HR practitioners:

For Monthly-Paid Employees

 

EEMR Monthly-Paid Computation 2

Daily-Paid Employees

EEMR Daily-Paid Computation