Hourly, Daily and Partial Month Calculations. a) Hour-Rated Employees: The rate of pay for employees that are normally paid by the hour shall be calculated by dividing the monthly salary by 152.25. The daily rate shall be determined by multiplying the number of regularly scheduled hours in the employee's daily shift by the hourly rate. b) Salary-Rated Employees - Partial Monthly Pay: The formula for paying a partial month's salary to employees paid on a monthly basis is: Adjusted monthly salary = hours worked + paid holidays x monthly salary hours scheduled + paid holiday * * paid holiday = seven (7) hours
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Sources: Collective Agreement, Collective Agreement