Monthly Salary Formula:
From: | To: |
The hourly to monthly salary calculation converts an hourly wage to an estimated monthly salary based on typical working hours in the Philippines. This is useful for comparing job offers or budgeting.
The calculator uses the following formula:
Where:
Explanation: The formula accounts for the average number of working weeks in a month to provide a standardized monthly salary estimate.
Details: Accurate salary conversion helps employees understand their total compensation and employers to structure competitive pay packages.
Tips: Enter your hourly rate in PHP and typical weekly working hours. The calculator will estimate your gross monthly salary before deductions.
Q1: Why multiply by 4.333?
A: There are approximately 4.333 weeks in a month on average (52 weeks/year ÷ 12 months = 4.333 weeks/month).
Q2: Is this gross or net salary?
A: This calculates gross monthly salary before tax, SSS, PhilHealth, Pag-IBIG, and other deductions.
Q3: Does this include overtime pay?
A: No, this is for regular hours only. Overtime would be calculated separately.
Q4: What's the standard work week in the Philippines?
A: Typically 40-48 hours per week, but this varies by company and industry.
Q5: How accurate is this calculation?
A: It provides a good estimate but actual pay may vary based on exact working days and company policies.