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 accounts for weekends and public holidays, representing the average number of working days per month.
Details: Accurate daily rate calculation is crucial for contract workers, temporary employment agreements, and comparing monthly salaries with daily wage offers.
Tips: Enter your monthly salary in ZAR (South African Rand). The calculator will automatically compute your equivalent daily rate based on standard working days.
Q1: Why is 21.67 used as the divisor?
A: 21.67 represents the average working days per month (260 working days/year ÷ 12 months = 21.67).
Q2: Does this include leave days?
A: Yes, the 21.67 factor already accounts for typical leave days in South Africa.
Q3: Is this calculation legally binding?
A: While commonly used, specific employment contracts may use different calculations. Always check your contract terms.
Q4: Does this apply to part-time workers?
A: For part-time workers, you would need to adjust based on their actual working days per month.
Q5: How accurate is this for short-term contracts?
A: For very short contracts (less than a month), actual working days should be counted rather than using the average.