I have a full-time employee who is monthly paid. I am hiring part-time employees and would like to pay them based on the same rate as my full-time employee. How do I determine the hourly rate?
You can calculate the hourly pay of your full-time employee using the formula below:
Hourly basic rate of pay
|
12 x Monthly basic rate of pay
-----------------------------------
52 x 44 |
Last Updated:
22 August 2024