Calculation of Part Month's Salary. When it is necessary to calculate a part of a month’s salary, or in any case concerning pay due or deducted from an employee working on a monthly rate, such pay shall be computed by computing the actual weekly regular hours to an average monthly hours, multiplying by the number of days worked in the month, dividing by the total number of working days in the month inclusive of holidays, then multiplying by the hourly rate.
Appears in 1 contract
Sources: Memorandum of Settlement
Calculation of Part Month's Salary. When it is necessary to calculate a part of a month’s 's salary, or in any case concerning pay due or deducted from an employee working on a monthly rate, rate such pay shall be computed by computing multiplying the actual weekly regular hours to an average gross monthly hours, multiplying salary by the number of days worked in the month, month and dividing by the total number of working days in the month inclusive of holidays, then multiplying by . For employees employed on an hourly basis the hourly rate.rate will be computed by dividing the regular monthly rate by: 165 hours for a 38-hour work week
Appears in 1 contract
Sources: Collective Agreement