Calculation Of Daily Pay Rate

[Judy Khoo]

Hi, does anyone know what is the formula that is accepted in Thailand for calculating a daily pay rate for a monthly-wage person? Is it fixed at 30 days (as I am told by some people) or does it change based on the number of days of the month?

[opalhort]

I also could never figure that one out. Everybody has a different opinion.

In our company we use 4 weeks per month and 6 days per week = 24 days/month

But I guess most companies here use 30days per month for calculation.

opalhort

[Nio]

Thais work 6 day work weeks

So that would be 48 hours (8 hours per day) to 60 (10 hours per day) hours per week X 4 weeks

192 to 240 man hours per month

If they are on a straight salary it does not matter the number of days or the hours

Some thais get a fixed amount every month no matter how much or how little they work

All of our employees are on a monthly salary

In our case it benefits the employees because we usually only end up working 120 hours max per month but they are paid for the 240

[Spoonman]

Thais work 6 day work weeks

Do they really.

[Deke]

I always figure it on a yearly basis. So if someone earns 20,000 Baht per month, their yearly income is 240,000 Baht. Assuming a 40 hour work week, the hourly rate would be 240,000/(40 x 52) = 115 Baht/hour.

Edit: I should also add that I specify both the monthly salary and the equivalent hourly rate in the employment contract.

[lovelomsak]

i would multiply the monthly rate by 12 to achieve the yearly rate. Then divide by 52 to get the weekly rate. Then divide that by how many days a week the person works.That should give you the daily rate.

[PattayaParent]

Multiply by 12 to get the yearly rate and then divide by the number of days the person works in a year* (including holidays as work days) to get the day rate and by the number of hours the employee works in a year* (standard working day) to get the hourly rate.

*Be aware that in some countries the Labour Law states that if an employee has worked 6 days in a week and has 1 day a week off then they should be paid also for that 1 day. (or works 5 days they should be paid for a 6th day)

Some companies use this to 'cheat' the employee on the daily rate and hourly rate.

[TravelerEastWest]

The local Thai post office manager and a nearby business owner both said 26 days a month very quickly.

As their staff have 6 day weeks and there are more than 4 weeks in a month on average.

52 weeks times 6 day weeks divided by 12 months gives you 26 days a month.