Hourly, Daily and Partial Month Calculations. The formula for paying a biweekly or hourly salary is as follows:
Hourly, Daily and Partial Month Calculations. The formula for paying a biweekly or hourly salary is as follows: Monthly Salary x 12 Months = Biweekly Salary Biweekly Salary = Hourly Rate The daily rate shall be determined by multiplying the number of regularly scheduled hours in the team member's daily shift by the hourly rate.
Hourly, Daily and Partial Month Calculations. (a) Hourly Rated Employees
Hourly, Daily and Partial Month Calculations. (a) Hour-Rated Employees: The rate of pay for employees that are normally paid by the hour shall be calculated by dividing the monthly salary by one hundred fifty-two point two five (152.25). The daily rate shall be determined by multiplying the number of regularly scheduled hours in the employee's daily shift by the hourly rate.
Hourly, Daily and Partial Month Calculations. (a) Interpretation and the Application of the Biweekly Pay System
Hourly, Daily and Partial Month Calculations a) Hour-Rated Employees: The rate of pay for employees that are normally paid by the hour shall be calculated by dividing the monthly salary by 152.25. The daily rate shall be determined by multiplying the number of regularly scheduled hours in the employee's daily shift by the hourly rate.
b) Salary-Rated Employees - Partial Monthly Pay: The formula for paying a partial month's salary to employees paid on a monthly basis is: Adjusted monthly salary = hours worked + paid holidays x monthly salary hours scheduled + paid holiday * * paid holiday = seven (7) hours
Hourly, Daily and Partial Month Calculations. The formula for paying a biweekly or hourly salary is as follows:
26.1 Monthly Salary x 12 mos. = Biweekly Salary
26.1 Biweekly Salary = Hourly Rate The daily rate shall be determined by multiplying the number of regularly scheduled hours in the employee's day shift by the hourly rate. For the purpose of converting a biweekly rate to a monthly rate, the formula will be as follows: The formula for paying a partial salary to employees paid on a biweekly basis is: When an article in this agreement has a reference to payments at the "end of the month following the month" in which an event occurs, payment will be "at the end of the second pay period following the pay period" in which the event occurs. Similarly, a reference to payments on specified dates will mean payment on the closest pay period payday to the specified date.
Hourly, Daily and Partial Month Calculations. (a) Interpretation and the Application of the Biweekly Pay System To assure consistent application of terms and conditions contained in the Collective Agreement which are affected by the operation of biweekly pay the following conversion formula will apply, without limiting in any way existing entitlements (effective January 1, 1988). Formula for Hourly, Daily and Partial Month Calculations: The formula for paying biweekly or hourly rates is as follows: The daily rate shall be determined by multiplying the number of regular scheduled hours in the Employee's daily shift by the hourly rate. For the purposes of converting a biweekly rate to a monthly rate, the formula will be as follows: When an article has a reference to payments at the "end of the month following the month" in which an event occurs, payment will be "at the end of the second pay period following the pay period" in which the event occurs. Similarly, a reference to payments on specified dates will mean payment on the closest pay period payday to the specified date.
(b) Calculation of Pay - Any Employee whose appointment spans a complete calendar month shall be paid the monthly rate. An Employee who starts and/or terminates employment during a month will be paid for that month a sum based on the current daily rate times the number of complete days for which pay is payable to that Employee in the month. Any deductions for periods of less than a calendar month will be made based on the daily rates. A deduction for a full calendar month will be made based on the monthly rate in accordance with Schedules A, B and C.
(c) For the purposes of calculating severance pay pursuant to Article 12.5(a)
(4) one-half (½) month's" salary equals annual salary divided by 24.
Hourly, Daily and Partial Month Calculations. Hourly Rated Employees The daily rate for an hourly paid employee shall be the hourly rate multiplied by seven or eight hours as the case may be.
Hourly, Daily and Partial Month Calculations. The formula for paying a biweekly or hourly salary is as follows: Install Equation Editor and double- click here to view equation. Install Equation Editor and double- click here to view equation. Install Equation Editor and double- click here to view equation. The daily rate shall be determined by multiplying the number of regularly scheduled hours in the employee's day shift by the hourly rate. For the purpose of converting a biweekly rate to a monthly rate, the formula will be as follows: Install Equation Editor and double- click here to view equation. The formula for paying a partial salary to employees paid on a biweekly basis is: Install Equation Editor and double- click here to view equation. When an Article in this Agreement has a reference to payments at the "end of the month following the month" in which an event occurs, payment will be "at the end of the second pay period following the pay period" in which the event occurs. Similarly, a reference to payments on specified dates will mean payment on the closest pay period payday to the specified date.
