Im bit confused about calculation of "per day salary", which is the base of overtime pay.
Some internet page says it should be culculated as follows;
Gross salary x 12 / 365 = per day salary
regarding the above, I don't understand why Gross salary shoud be split by 365, which means it includes holidays like Friday that they have no obligation to work.
I think it should be culculated like;
1) Gross salary x 12 / annual work hours = per hour salary
per hour salary x 8 = per day salary
2) Gross salary / monthly work days = per day salary
I'd appreciate if anyone gives me an idea or a referance on above.