1. What is the Daily Rate Calculation?

The daily rate calculation converts a monthly contract salary to a daily rate based on the standard 22 working days per month in the Philippines. This is commonly used for contract workers and freelancers.

2. How Does the Calculator Work?

The calculator uses the simple formula:

Where:

• Monthly Rate — The contracted monthly salary in Philippine Pesos (PHP)
• 22 — Standard number of working days per month in the Philippines

Explanation: This calculation provides the equivalent daily rate by dividing the monthly salary by the standard number of working days.

3. Importance of Daily Rate Calculation

Details: Calculating the daily rate is essential for contract workers to understand their per-day compensation, compare job offers, and properly invoice clients for partial-month work.

4. Using the Calculator

Tips: Enter your monthly contract rate in PHP. The calculator will automatically compute your equivalent daily rate based on 22 working days per month.

5. Frequently Asked Questions (FAQ)

Q1: Why 22 working days?
A: In the Philippines, the standard work month is considered to have 22 working days (5 days/week × 4.4 weeks).

Q2: Is this calculation accurate for all months?
A: It provides an average. Actual working days vary by month, but 22 is the standard for calculations.

Q3: Does this include holidays?
A: No, this is a basic calculation. Special holiday pay arrangements should be considered separately.

Q4: Can I use this for part-time work?
A: Yes, but you may need to adjust based on your actual working days per week.

Q5: Is this calculation legally binding?
A: No, this is for estimation purposes. Actual contracts may specify different terms.