HOW TO COMPUTE EPS BASIC SALARY (Until 2008 Minimum Wage)...

by noldski Wed Apr 02, 2008 9:46 pm

maraming thank u po.kung hindi me nakakaintindi ng math nabaliw ako sa computation Laughing

by meloaynkasmot ng korea Sun Apr 06, 2008 2:15 am

sir marming salmat po /baka po meron kayong copy ng original labor memo ng korean labor kasi d2 smin ayaw maniwala n may increase d nmn kmi maklabs at poro morning ang work sched, kahit po d2 nyo nlng ilagy or epost salamat po god bless are all

by fredtacs Thu Apr 24, 2008 7:27 am

thanks...

by alaskadoros Mon Aug 11, 2008 9:54 pm

maraming salamat po sa information...

by neon_rq Wed Aug 13, 2008 9:08 pm

tnx many more sa info misterdj

mabuhay kau

by yengsky Fri Sep 19, 2008 5:34 pm

good day!! ask ko lang regarding s total hrs. of work, kahit b tatlo lng kming trabahador s company implemented yung 44 hrs. a week? kasi ako 49 hrs. a week ang computation ng trabaho ko!!! start ng work ko is 8:30 to 6:00 tpos pag sabado 8:30 to 4:00, minsan lumalampas p d nman binabayaran!!!! please reply asap

by dave Fri Sep 19, 2008 6:03 pm

by yengsky on Fri Sep 19, 2008 5:34 pm

good day!! ask ko lang regarding s total hrs. of work, kahit b tatlo lng kming trabahador s company implemented yung 44 hrs. a week? kasi ako 49 hrs. a week ang computation ng trabaho ko!!! start ng work ko is 8:30 to 6:00 tpos pag sabado 8:30 to 4:00, minsan lumalampas p d nman binabayaran!!!! please reply asap

hello yengsky,
1) As explained, 44-hrs workweek system shall be implemented for companies with less than 20 workers starting July 1, 2008. So even 3 employees lang kayo, dapat follow parin ang company nyo sa 44-hours workweek system.
2) But with regards to payment of your overtime, I am sorry to say... Meron pong provision sa Enforcement Decree ng Standard Labor Act of Korea na if the number of employees sa isang company ay less than 4 workers, ay maaari pong hindi magbayad ang employer ng Overtime Pay, Night Differential, and Annual Paid Leave System. But if if the proper payment for Overtime Pay, Night Differential, and Annual Paid Leave System are described or stated in your contract, in that case your employer is obliged to pay you but if wala then wala po tayong magagawa.

If you have further questions, you can call me at 010-9294-4365.

Sincerely,
-Dave-

by yengsky Fri Sep 19, 2008 7:04 pm

sir pacheck po ung sa health card and kukmin!!! salamat

by dave Fri Sep 19, 2008 10:00 pm

by yengsky on Fri Sep 19, 2008 7:04 pm

sir pacheck po ung sa health card and kukmin!!! salamat

hello yengsky,

1) I am sorry, meron po akong changes sa previous answer ko...please refer to bold fonts...
2) With regards naman sa Heath Insurance, lahat po na migrants workers regardless of number of workers in a company ay mandatory to register the Health Insurance under employment category. So dapat ni-register ka sa employer mo sa National Heath Insurance Center (NHIC). And dapat meron ka monthly contribution na 5% of your basic salary (50% from you and the other 50% from your employer). In that case, meron ka dapat Health Card for medicine and medical services discounts.
3) Sa NPS or "kukmin", regardless of the number of employees in a company, all foreign workers must be covered by NPS. You must have a monthly contribution of 9% of your basic salary (50% from you and the other 50% from your employer).

I hope my answers may help... You can call me anytime or you may visit FEWA office evry Sunday if you need further clarifications...

Thank you.

by cute2mo Sat Oct 11, 2008 12:13 am

thank you sir,GOD BLESS

by cute2mo Tue Nov 11, 2008 9:19 pm

mahirap pa rin po,,,tanong lang po kung linggo po ba magkano dapat ang bayad sa 8hrs paano po ba ang computation,kung ang monthly salary po ay 1100000 won, pls help me naman po,salamat po

by dave Tue Nov 11, 2008 9:43 pm

by cute2mo on Tue Nov 11, 2008 10:19 pm

mahirap pa rin po,,,tanong lang po kung linggo po ba magkano dapat ang bayad sa 8hrs paano po ba ang

kabayan, please refer below...

hourly basic salary = 3,770 KRW
OT hours = 8 hours
total OT salary = 3,770 x 8 x 150% = 45,240 KRW (yan po salary mo if you work 8-hrs on Sundays)
hope it's already clear now... thanks... Very Happy

by cute2mo Thu Nov 13, 2008 10:17 pm

misterdj wrote:
by cute2mo on Tue Nov 11, 2008 10:19 pm

mahirap pa rin po,,,tanong lang po kung linggo po ba magkano dapat ang bayad sa 8hrs paano po ba ang
kabayan, please refer below...

hourly basic salary = 3,770 KRW
OT hours = 8 hours
total OT salary = 3,770 x 8 x 150% = 45,240 KRW (yan po salary mo if you work 8-hrs on Sundays)
hope it's already clear now... thanks...

thank you very much sir,GOD BLESS PO

by ian5340192 Tue Jan 06, 2009 11:59 pm

meron na po bang balita kung magtataas po ng sahod this year 2009????

by dave Wed Jan 07, 2009 8:33 am

meron na po bang balita kung magtataas po ng sahod this year 2009????

kabayan,
effective January 1 this year, basic wage in Korea had increased from 3,770won/hour to 4,000won/hour for regular working hours while 6,000won/hour for overtime and nightshift work from 10:00PM to 6:00AM.

Note: If you work overtime from 10:00PM to 6:00AM, your salary must be 8,000won/hour.

also, please download our SULYAP' PDF Newsletter at portal page. nandun na ang news about basic wage increase details...

salamat...

by reeve Wed Jan 07, 2009 9:21 am

misterdj wrote:
meron na po bang balita kung magtataas po ng sahod this year 2009????
kabayan,
effective January 1 this year, basic wage in Korea had increased from 3,770won/hour to 4,000won/hour for regular working hours while 6,000won/hour for overtime and nightshift work from 10:00PM to 6:00AM.

Note: If you work overtime from 10:00PM to 6:00AM, your salary must be 8,000won/hour.

also, please download our SULYAP' PDF Newsletter at portal page. nandun na ang news about basic wage increase details...

salamat...

Maraming salamat po.

Dagdag lang po!

Example:

Overtime computation ----- 4000 won x 1.5 (150%) = 6,000 won O.T/ hr.
Night differential ----- 4000 won x 0.5 ( 50% ) = 2,000 won N.D/hr.

Total = 8,000 Won ( 10pm-6am excluding breaktime)

Thank you!

by kevin lopez Wed Jan 07, 2009 9:32 am

gd am kabayan ask ko lng po sana kung buwan na to eh effective na pagtaas ng sahod or next month pa

by dave Wed Jan 07, 2009 9:44 am

gd am kabayan ask ko lng po sana kung buwan na to eh effective na pagtaas ng sahod or next month pa

kabayan,
nasagot ko na po tanong mo sa previous post ko sa taas... please read carefully...

anyway, january 1 this year po ang effectivity ng 4000won/hour... thanks.

by dv_josh Wed Jan 07, 2009 1:35 pm

kabayan, e2 po bagong post lang from MOL, makikita po sa website ng molab.go.kr then paki open po yung FAQ column. share ko lang din po pra pangdagdag info lang po....thnks and God bless u all!

Dear Foreign HR managers and Workers,

This is the National Labor Consultation Center.

For your understanding related to calculation of wages, we would like to inform you of the Minimum

wages for this year as follows.

INFORMATION ON THE MINIMUM WAGES FOR THE YEAR 2009

□ Period of application: Jan. 1 2009 ~ Dec. 31 2009

□ Minimum wage

○ Hourly wage rate : 4,000 won, daily wage rate( on a 8-hour basis): 32,000 won

○ - In the case of 40 hours per week(209 hours per month) the monthly wage will amount

836,000 won.

I - In the case of 44 hours per week(226 hours per month) the monthly wage will amount

904,000 won.

□ Target of application : every business or workplace employing workers

○ Workers whose minimum wage can be reduced

- Apprentices: his/her minimum wage may be reduced as much as 10% up to 3 months

(hourly wage rate : 3,600 won)

- Surveillance or intermittent workers( when approved by Minister of Labor):

Minimum wage can be reduced as much as 20% (hourly pay: 3,200 won).

○ Workers who are not applied the minimum wage

- A person who has remarkably low abilities to work due to a mental or physical handicap

(when approved by the Minister of Labor).

- An employee who works for the workplace which employ only relatives living together

or domestic workers.

- A sailor who is subject to the seamen law or an owner of ship employing sailor.

□ Liability of the employer

○ Liable to pay above the minimum wage to the employee.

- An employer shall pay the workers at least the minimum wage rate or more. And no

employer may lower the previous wage level on the ground of the minimum wage.

- If a labor contract provides for a wage that is less than the minimum wage rate, it shall be

considered to stipulate that the same wage as the minimum wage rate shall be paid.

○ Obligation of notice of the minimum wage to the worker

- - An employer shall inform the workers of minimum wage rate, wages not included in the

minimum wage, effective date, and workers being excluded from the minimum wage Act.

○ A contractor shall be held accountable for the following:

- - As for determining the unit labor cost lower than the minimum wage at the time of the signing

of the contract;

- As for lowering the unit labor cost to below the minimum wage in the middle of the contract

period.

※ HOW TO ESTIMATE IF THE MINIMUM WAGE IS FULFILLED

○ Convert the total wages excluding the below wages and allowances into hourly

wage rate and compare it with hourly minimum wage( 4,000 won).

① wage which is not paid regularly more than one time per month(such as bonus)

② wage which is paid for the non-fixed working hours( such as extended work

allowance)

③ Allowances paid for an employee''s living support or welfare

○ How to calculate the monthly salary based on the hourly pay:

4 40-hour work week ⇒ monthly regular wage for contractual working hours � 209 hours

44 44-hour work week ⇒ monthly regular wage for contractual working hours � 226 hours

※ EVEN THOUGH THE STATUTORY WORKING HOURS ARE REDUCED THE PREVIOUS

MINIMUM WAGE SHOULD BE GUARANTEED

○ ○ If working hours are reduced to 40 hours per week, the minimum monthly wage may be

calculated at 787,930 won. However, it should be paid at 852,020 won which is

the minimum wage for the previous working hours (44 hours per week),

○ ○ When minimum wage is raised, the minimum monthly pay may be calculated at

836,000 won. However it should be paid at 852,020 won which is the minimum wage for

the previous working hours ( 44 hours per week).

by reeve Thu Jan 08, 2009 8:16 am

THANK YOU VERY MUCH DV_JOSH

THANK YOU FOR HELPING OUR FELLOW OFWs HERE IN SOUTH KOREA

MABUHAY KA!!!

by dv_josh Thu Jan 08, 2009 9:58 am

salamat po sir reeve! kelangan po nating magtulungan at makatulong even in small ways...another website po na pedeng kyong makakuha ng info ay ito nmn po: http://www.koilaf.org. ito po ang ang KOREA INTERNATIONAL LABOUR FOUNDATION maraming info din po kyong makukuha diyan specially regarding us - migrant workers... mabuhay po ang sulyapinoy...God bless us all!

by dave Thu Jan 08, 2009 3:18 pm

salamat po sir reeve! kelangan po nating magtulungan at makatulong even in small ways...another website po na pedeng kyong makakuha ng info ay ito nmn po: http://www.koilaf.org. ito po ang ang KOREA INTERNATIONAL LABOUR FOUNDATION maraming info din po kyong makukuha diyan specially regarding us - migrant workers... mabuhay po ang sulyapinoy...God bless us all!

thank you very much dv_josh sa iyong constant visit sa website natin... if you have free time on weekends, I am inviting you to join FEWA-SULYAPINOY too...

by dv_josh Thu Jan 08, 2009 3:43 pm

thank u po sir misterdj for inviting me and i-pm ko po kyo if i could come... nevertheless, sulyapinoy helps a lot that is why i always visit your website and try to share also some of my knowledge regarding migrant workers news and updates... more power to all the staff of FEWA and SULYAPINOY! God bless you all! kambe

by dave Thu Jan 08, 2009 3:52 pm

thank u po sir misterdj for inviting me and i-pm ko po kyo if i could come... nevertheless, sulyapinoy helps a lot that is why i always visit your website and try to share also some of my knowledge regarding migrant workers news and updates... more power to all the staff of FEWA and SULYAPINOY! God bless you all!

it's my pleasure to hear that kabayan dv_josh... you're always welcome to join our group... i will wait your big YES soon! let us utilize our free time in serving our fellow migrant workers in need even in a very simple way for the glory of God...

by livan Wed Feb 11, 2009 7:37 pm

sir, magandang gabi po....

Paano po ang computation ng basic hourly rate kung ang basi mo ay 1000000 won po?

Sana po masagot niyo po agad.

thanks po. bounce

by dave Wed Feb 11, 2009 8:05 pm

sir, magandang gabi po....

Paano po ang computation ng basic hourly rate kung ang basi mo ay 1000000 won po?

Sana po masagot niyo po agad.

thanks po.

kabayan,
ito ang po minimum wage starting Jan. 1, 2009...
1) under 44-hrs work week system (8-hrs work Monday~Friday and 4-hrs Sat.) : 226 hrs x 4000 = 904,000 won
2) under 40-hrs work system (8-hrs work Monday~Friday) : 209 hrs x 4000 = 836,000 won

now, if 1,000,000won ang fix salary mo per month...
1) under 44-hrs work week system: dapat meron ka lang 16 hrs OT in one month
2) under 40-hrs work week system: dapat meron ka lang 27.33 hrs OT in one month

by the way, ang 44-hrs work week ay applicable sa mga companies na merong less than 20 regular workers at ang 40-hrs work week system naman ay applicable sa mga companies with 20 or more regular workers.

Note: If your company had just implemented the 40-hrs work week system last July 1, 2008, at yung current contract mo ngayon was falling under 44-hrs work week system, your basic salary must be 852,020won. In that case, dapat meron ka lang 24.66 hrs OT per month.

if you have further clarification, call me at 010-9294-4365. thanks!

by livan Fri Feb 13, 2009 5:25 pm

thanks misterdj.....

by rubiah Thu Apr 02, 2009 5:47 pm

thanks a lot misterdj. Godbless po

by bluecool Fri Jun 11, 2010 1:04 pm

helo po i'm here again sir Dave can you pls.give me some example of payslip (2010) what i mean is para ipakita ko sa amo ko.yun bang detailed xa sir..wherein the insurances are there,kahit kaninong payslip po para iprint ko..po xa

by kissinger_19 Fri Jun 11, 2010 2:12 pm

HOW TO COMPUTE EPS BASIC SALARY (Until 2008 Minimum Wage)... 30709_117905861586757_100001020322322_97174_631196_n

baka makatulong yan kabayan.. payslip ko 2007 yan lang naitago ko eh buti nalang nasa wallet ko pa yan.....

by bluecool Fri Jun 11, 2010 9:05 pm

oo ty..po..pero bkit ang liit d ko mabasa,paano 2 ma enlarge?tsaka kabayan,meron ka 2010 sana para mas ok

by yhunor Mon Aug 30, 2010 11:30 pm

hi po sir pwede po bang paki post yung 2010 computation ng overtime per hour thnx po god bless

by joevyflores_26 Tue Aug 31, 2010 12:54 pm

dave wrote:
gd am kabayan ask ko lng po sana kung buwan na to eh effective na pagtaas ng sahod or next month pa
kabayan,
nasagot ko na po tanong mo sa previous post ko sa taas... please read carefully...

anyway, january 1 this year po ang effectivity ng 4000won/hour... thanks.

SIR DAVE MAKIKISINGIT LANG PO.MAGKANO NAMAN PO YAN SA PESO ANG 904,000 WON??

by dave Tue Aug 31, 2010 1:17 pm

hi po sir pwede po bang paki post yung 2010 computation ng overtime per hour thnx po god bless

hi yhunor,

hope this will help you...

-> 2010 Basic Salary per Hour = 4,110won
-> Overtime Salary = basic salary plus 50% of basic salary
-> Overtime Salary = 4,110 won + (0.5 + 4,110) = 6,165won

-> If meron kayong nighshift work, from 10pm ~ 6Am, meron din kayong additional 50% salary. Same lang din ang computation sa overtime salary...

by the way, marunong ba kayo gumamit ng MS Excel program sa computer? Meron sana me ginawa na Overtime Auto-monitoring Sheet... Bali encode lang ninyo ang time-in/time-out also the number of hours OT, then automatic na magcocompute kung magkano ang expected salary nyo in a month... just email me at sulyap.managing@gmail.com...

thanks...

by dave Tue Aug 31, 2010 1:30 pm

SIR DAVE MAKIKISINGIT LANG PO.MAGKANO NAMAN PO YAN SA PESO ANG 904,000 WON??

depende po sa daily currency rate from won to dollar then from dollar to peso...

-> for example, today's currency rate is... 1USD = 1,195won / 1USD = 45.28

-> 904,000 = 904,000/1195 = 756.48USD

-> 756.48usd x 45.28PHP = 34,253

therefore, 904,000won is equivalent to P34,253 as of today's rate...

thank you...

by joevyflores_26 Tue Aug 31, 2010 4:09 pm

dave wrote:
SIR DAVE MAKIKISINGIT LANG PO.MAGKANO NAMAN PO YAN SA PESO ANG 904,000 WON??

depende po sa daily currency rate from won to dollar then from dollar to peso...

-> for example, today's currency rate is... 1USD = 1,195won / 1USD = 45.28

-> 904,000 = 904,000/1195 = 756.48USD

-> 756.48usd x 45.28PHP = 34,253

therefore, 904,000won is equivalent to P34,253 as of today's rate...

thank you...

sir dave salamat po sa sagot nyo.naunawaan ko napo ngayon.wehehehehehe..isa p pong tanong..kasama napo ba sa 904000won na yan ang ot??

by dave Tue Aug 31, 2010 5:02 pm

sir dave salamat po sa sagot nyo.naunawaan ko napo ngayon.wehehehehehe..isa p pong tanong..kasama napo ba sa 904000won na yan ang ot??

nakapagsign na ba kayo ng contract? dapat sa contract nyo nakasaad dun ang working hours details and salary... dun nyo malalaman kung may overtime ba ang 904,000 basic monthly salary nyo...

pero sa analysis ko yung 904,000won, hindi ata kasama ang OT nyan... kasi if ang company is merong less than 20 workers (44hrs workweek system - which means 8hrs work Mon~Fri plus 4hrs work on Sat. ay considered regular work), the basic monthly salary based on 2010 minimum wage should be 4,110won x 226hrs = 928,860won...

pero if merong 20 or more workers naman (40 workweek system - which means 8hrs regular work Mon~Fri only), basic monthly salary is 4,110won x 209hrs = 858,990 won...

hope my answer may help you... thanks...

by joevyflores_26 Tue Aug 31, 2010 5:06 pm

the best ka talaga sir dave..di p po ako nakakarating ng korea..waiting plang po ako..interested lamang po ako sa mga sasahorin ko.hehehehehehe..ingat po kayo at more power sa inyo..sanay marami p kayong matulungan..the best po kayo.Godbless!

by dave Tue Aug 31, 2010 5:20 pm

the best ka talaga sir dave..di p po ako nakakarating ng korea..waiting plang po ako..interested lamang po ako sa mga sasahorin ko.hehehehehehe..ingat po kayo at more power sa inyo..sanay marami p kayong matulungan..the best po kayo.Godbless!

you're welcome po... Very Happy

by Sponsored content