This overtime calculator allows you to estimate the extra income you will generate by working some extra hours.
Use the beyond regular time calculator to find how a great deal more you will earn for running extra hours at work. The calculator takes your normal hourly rate, overtime hours worked, and the overtime multiplier to locate your general time beyond regulation pay and total profits over a selected duration.
You just want to comply with these steps to apply our calculator:
Step 1:enter your everyday hourly pay charge
Step 2:pick the extra time multiplier (the default value is 1.five) or upload your selected price
Step 3: click on the “Calculate” button and get your extra time pay price
Step 4: in case you want to calculate the total beyond regular time pay and general income of a specific length,then you definately have to enter the everyday and total time beyond regulation hours labored
The common overtime rates are listed underneath, however your employer can also customize this price:
HOP = m * HRP
Where:
You need to have an specific discern of your hourly extra time to find the whole additional time precisely:
OP = n * HOP
Where:
Now, in case you need to calculate the general earnings for the month, you then need to add additional time pay on your everyday income:
TP = RP + OP
Where:
The manner of locating your greater profits becomes even less complicated with our time beyond regulation calculator. It makes use of all the above formulas to calculate your actual earnings for the extra hours that you have worked.
|
Regular Pay |
Time and a Half Pay |
Double Time Pay |
Triple Time Pay |
|
|
(Multiplier =1.5) |
(Multiplier = 2) |
(Multiplier = 3) |
|
$10 |
$15.00 |
$20.00 |
$30.00 |
|
$11 |
$16.50 |
$22.00 |
$33.00 |
|
$12 |
$18.00 |
$24.00 |
$36.00 |
|
$13 |
$19.50 |
$26.00 |
$39.00 |
Reference:
From the supply of Wikipedia: time beyond regulation.
