Daily Rate Formula:
From: | To: |
The daily rate calculation converts a monthly salary to a daily wage using the standard divisor of 21.67 working days per month in South Africa. This is commonly used for contract workers and temporary employment.
The calculator uses the standard formula:
Where:
Explanation: The divisor 21.67 comes from (365 days/year × 5/7) ÷ 12 months, accounting for weekends.
Details: Calculating daily rates is essential for contract workers, temporary employment, leave pay calculations, and comparing monthly salaries with daily wages.
Tips: Enter your gross monthly salary in ZAR. The calculator will automatically compute your equivalent daily rate based on standard working days.
Q1: Why 21.67 days?
A: This accounts for weekends (2 days off per week) averaged over a year: (5 working days ÷ 7 total days) × 365 ÷ 12 = 21.67.
Q2: Does this include public holidays?
A: The 21.67 factor is a general average. For precise calculations, actual working days (excluding public holidays) should be used.
Q3: Is this calculation specific to South Africa?
A: Yes, this uses South Africa's standard working days calculation. Other countries may use different standards.
Q4: Can I use this for part-time work calculations?
A: For part-time work, it's better to use actual working days or hours rather than this standard calculation.
Q5: Is this before or after tax?
A: This calculates gross daily rate before any deductions. Net pay would be lower after tax and other deductions.