Most of the Time We have more work in Office and we need to stay back to complete that Extra work. Most of the Expatriate workers who wants to know how to Calculate Overtime. Here is the formula to calculate Overtime in Saudi Arabia.
Overtime calculation:
Overtime rate per hour = Hourly wage x 1.5
Hourly Wage = Daily Wage / 8
Daily Wage = Monthly Basic Salary / 30
Annual Basic Salary = Monthly Basic Salary x 12
Example for Overtime Calculation:
If Monthly Basic Salary is 6000 SR
Daily Wage = 6000 / 30 = 200 SR
Hourly Wage = 200 / 8 = 25 SR
News related to Expatriates, Iqama, Visa, Jawazat, Jobs, Real Estate, Insurance, Banking and more. Subscribe Us Now! and Keep yourself updated.