Daily and hourly rate from your monthly pay.
What it's for
Turn a monthly salary into the daily and hourly rates that overtime, holiday pay and leave pay are worked out from, and see what each payday comes to.
Before you start
Have your payslip or contract to hand. You need your basic monthly salary and how many days a year you are paid for; the contract usually says, and HR can tell you if it does not.
Type your basic salary
In Monthly basic salary, type your monthly pay as your contract states it. Leave out overtime and allowances — as the note under the box says, Basic pay only — no OT or allowances. Commas are fine.
Pick your paid days a year
Paid days per year is how many days a year your salary pays for. Pick the one that matches your work week; the line under the box says what each assumes, such as Monday to Friday, rest days unpaid. Not sure? Ask HR — this choice moves the daily rate the most.
Check your hours
Hours per day is your normal working day, not counting overtime. Change it only if your ordinary day is not the number already in the box.
Choose how often you are paid
In Paid, pick Monthly, Semi-monthly (twice a month), Weekly or Daily. This changes only the pay-per-payday figure, not your rates.
Calculate and read the working
The answer updates as you type. Press Calculate to bring it into view, then read The working under it for each step from salary to rates.
Reading the result
If it goes wrong
Your daily rate is your annual salary divided by the number of days you are paid for in a year — not your monthly salary divided by the days in a month. The two are different, and only the first is the rate overtime, holiday and leave pay are computed against. The hourly rate follows from the daily rate and your ordinary hours.
Because months are not the same length. Dividing the annual salary by the paid days in a year gives one rate that holds all year; dividing a monthly salary by the days in that particular month gives a rate that changes every month, and it is not the rate premiums are computed against.
It depends on your contract. 261 assumes Monday to Friday with rest days unpaid, 313 assumes a six-day week, and 365 assumes every day is paid. Your payslip or contract will say; if it does not, ask HR rather than guessing.
No. Enter basic pay only. Overtime, night differential, holiday premium and allowances are computed from the rates this gives you, not included in them.
The factor changes the answer substantially, which is why it is a choice and not a constant.
Important
This is an estimate. Your employer's factor and rounding may differ from the presets here. Nothing you type here is sent to our servers — the calculation runs entirely in your browser.
