Overtime Pay Formula:
From: | To: |
Definition: This calculator computes overtime pay at time-and-a-half rate based on hours worked and regular hourly wage.
Purpose: It helps employees and employers determine proper compensation for overtime hours worked.
The calculator uses the formula:
Where:
Explanation: The regular hourly rate is multiplied by 1.5 to get the overtime rate, which is then multiplied by hours worked.
Details: Proper overtime calculation ensures fair compensation for employees and compliance with labor laws for employers.
Tips: Enter the total overtime hours worked and the regular hourly wage. All values must be > 0.
Q1: What is time-and-a-half pay?
A: It's 1.5 times the employee's regular hourly rate, the standard overtime rate in many jurisdictions.
Q2: When does overtime pay apply?
A: Typically after 40 hours in a workweek (US) or as defined by local labor laws.
Q3: Are there different overtime rates?
A: Some situations may require double time (2x) pay for holidays or excessive overtime.
Q4: Does this include taxes or deductions?
A: No, this shows gross pay before any deductions.
Q5: How do I calculate total pay including regular hours?
A: Calculate regular pay separately and add to the overtime pay result.