Please refer to the summary of rates below.
Refer to Overtime Rates
| Forex | |||||
| Item | Rate | Basic Pay | Rate/hr | Rate/hr | Comment |
| in PHP | in USD | ||||
| Regular working days | 125% | 20,000 | P143.68 | $3.59 | |
| Rest days - 1st 8hrs | 130% | 20,000 | P149.43 | $3.74 | |
| Rest days - in excess of 8hrs | 169% | 20,000 | P194.25 | $4.86 | |
| Regular holiday - 1st 8hrs | 100% | 20,000 | P114.94 | $2.87 | On top of their regular daily pay |
| Regular holiday - in excess of 8hrs | 260% | 20,000 | P298.85 | $7.47 | |
| Special holiday - 1st 8hrs | 30% | 20,000 | P34.48 | $0.86 | On top of their regular daily pay |
| Special holiday - in excess of 8hrs | 169% | 20,000 | P194.25 | $4.86 | |
Note the following guidelines on work hours and payroll.
- Maximum number of work hours per week: 48 hours (6 working days with 1 rest day) or 1 rest day after 6 consecutive working days. Note that the 6-day work week is not a common practice especially in the BPO industry.
- Maximum number of work days - 6 days
- Schedules may vary depending on your requirements.
- Anything in excess of 8 hours is considered overtime and must be compensated.
- Employees working from 10PM-6AM are entitled to an additional 10% of their hourly rate called Night Shift Differential (NSD).
- Employees working on holidays are entitled to a holiday premium.
All employees may be required to report for work on holidays depending on the business needs.
Rank and File
- Entitled to a holiday premium
- Not allowed to offset holiday work for additional paid time off/leave credits
Supervisors and Managers
- Considered exempt employees and not entitled to a holiday premium
- Entitled to Compensatory Time Off - swap holidays with additional paid time off/leave credits