Dear All,
Please be informed that this yearly regular salary increase effective from the 20th of August is 0.
However there is a special salary increase of 200 Baht per month effective from the 20th of August 2015
In addition to this we will now also adjust the way of calculating the hourly rate which will also affect OT rate in order to reflect the fact that you are working 8% less but with the same salary which effectively means you are getting paid 8% more salary per hour.
Therefore also effective from the 20th of August the way the hourly rate calculation is changed for all people who in the past worked 6 days but now work 5 days a week as below
Step 1 Divide your monthly salary by 30 to get your daily rate
Step 2 Divide your daily rate by 8 to get your hourly rate
Step 3 Multiply your hourly rate by 1.08 to get your adjusted hourly rate (this add the 8% your hourly salary was increased)
* If you want to get your OT rate so multiply your adjusted hourly rate by 1.5 to get your Over Time Rate