How To Calculate Hourly Rate In Namibia
What is Hourly Rate?
Hourly rate is the amount of money that is charged, paid, or earned for every hour worked
What is Wage?
A wage is the distribution from an employer of a security paid to an employee. Like interest is paid out to an investor on his investments, a wage is paid to the employee on the employee’s invested assets.
How To Calculate Hourly Rate In Namibia
To calculate hourly rates
Employees whose remuneration is set by the day – Divide the daily rate by the number of ordinary hours of work each day.
Employees whose remuneration is set by the week – Divide the weekly rate (or calculated weekly rate) by the number of ordinary hours of work each week
Employees whose remuneration is set by the fortnight – Divide the fortnightly rate by two times the number or ordinary hours of work each week
Employees whose remuneration is set by the month – Divide the monthly rate by 4.333 times the number of hours ordinary worked each week
Frequently Asked Questions (FAQ’s)
Does Namibia have a minimum wage?
Because Namibia does not have a minimum wage, there is no mandatory minimum rate of pay for workers in Namibia. Pay rates must be agreed upon directly with the employer through collective bargaining or other means of negotiating a fair living wage.
What is the average wage in Namibia?
A person working in Namibia typically earns around 17,400 NAD per month. Salaries range from 4,410 NAD (lowest average) to 77,900 NAD (highest average, actual maximum salary is higher). Annual-wise, the average salary in Namibia is 343,987 NAD per year. The most typical earning is 174,480 NAD.
How do you calculate hourly rate from monthly salary in Namibia?
Get the hours in a year = Hours per Week x 52 weeks (in a year) Get the hours per months = Hours in Year ÷ 12 (months) Get Hourly Pay = Monthly Salary ÷ Hours Per Month.
How much does a general practitioner earn in Namibia?
How much do Namibian doctors earn? A person working in Doctor / Physician in Namibia typically earns around 41,000 NAD per month. Salaries range from 15,100 NAD (lowest average) to 69,200 NAD (highest average, actual maximum salary is higher).
How is overtime paid in Namibia?
Overtime rates are 1.5 times the hourly rate on normal working days and double the hourly rate on Sundays and public holidays. Employees who work on public holidays must be paid as overtime. Namibia currently has eight paid public holidays. Any extra days are gazetted from time to time.
How is leave days payout calculated in Namibia?
In Namibia, this is calculated by dividing their annual entitlement by the number of pay periods in the year: A monthly-paid employee working five days a week will be entitled to a minimum of 15 days of annual leave a year, which is calculated as 5 x 3.
How much do lecturers earn in Namibia?
How much money does a Lecturer make in Namibia? A person working as a Lecturer in Namibia typically earns around 25,700 NAD per month. Salaries range from 13,600 NAD (lowest) to 39,100 NAD (highest). This is the average monthly salary including housing, transport, and other benefits.
How much do teachers earn in Namibia?
A person working as a Teacher in Namibia typically earns around 12,900 NAD per month. Salaries range from 6,710 NAD (lowest) to 19,700 NAD (highest). This is the average monthly salary including housing, transport, and other benefits. Teacher salaries vary drastically based on experience, skills, gender, or location.
How much do dentists earn in Namibia?
How much does a dentist earn in Namibia? A person working as a Dentist in Namibia typically earns around 42,200 NAD per month. Salaries range from 22,000 NAD (lowest) to 64,600 NAD (highest). This is the average monthly salary including housing, transport, and other benefits.
How much do occupational therapists make in Namibia?
A person working as an Occupational Therapist in Namibia typically earns around 21,900 NAD per month. Salaries range from 11,800 NAD (lowest) to 33,000 NAD (highest). This is the average monthly salary including housing, transport, and other benefits.
How much is a nurse paid in Namibia?
A person working as a Nurse in Namibia typically earns around 14,000 NAD per month. Salaries range from 6,990 NAD (lowest) to 21,700 NAD (highest). This is the average monthly salary including housing, transport, and other benefits. Nurse salaries vary drastically based on experience, skills, gender, or location.
How much do lawyers earn in Namibia?
How much money does an Attorney make in Namibia? A person working as an Attorney in Namibia typically earns around 33,300 NAD per month. Salaries range from 15,300 NAD (lowest) to 53,000 NAD (highest). This is the average monthly salary including housing, transport, and other benefits.
How much is a paramedic salary in Namibia?
Not all ambulance personnel are paramedics. A person working as an Ambulance Officer and Paramedic in Namibia typically earns around 13,900 NAD per month. Salaries range from 6,940 NAD (lowest) to 21,500 NAD (highest).