Enter your TM rate, working hours, and efficiency rate into the calculator to determine your net TM.
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Phusion TM Calculation Formula
The following formula is used to calculate the net TM from your base wage.
Net TM = Gross TM * (Efficiency Rate / 100)
Variables:
- Net TM is the net amount you achieve ($)
- Gross TM is your total TM before deductions ($)
- Efficiency Rate is the percentage of efficiency applied (%)
To calculate the net TM, multiply the gross TM by the efficiency rate and divide the result by 100.
What is TM Calculation?
TM calculation refers to the process of determining the net efficiency of your work after considering your base TM and efficiency rate. This involves understanding your gross TM, the frequency of your calculations, and the applicable efficiency rates. Proper TM calculation ensures accurate measurement of productivity and performance.