Overtime pay equals (=) actual pay per hour or per product of a normal working day multiplied by (x) at least 150% or 200% or 300% multiplied by (x) number of additional hours or additional products.
The rates of 150%, 200%, and 300% are specified in Article 97 of the Labor Code 2012.
In addition, Circular No.
23/2015/TT-BLĐTBXH also provides instruction on how to calculate pay for night work and overtime night work.
Circular No.
23/2015/TT-BLĐTBXH comes into force from August 08, 2015; the regulations of this Circular are applied from March 01, 2015.
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