This calculator helps HR professionals and employees calculate overtime pay based on standard labor laws, ensuring fair compensation for hours worked beyond the regular schedule.
Overtime Pay Calculator
Data Source and Methodology
All calculations are based on standard labor laws and regulations. Please refer to the U.S. Department of Labor for more details.
The Formula Explained
Overtime Pay = Hourly Rate × Overtime Hours × Overtime Multiplier
Glossary of Terms
- Hourly Rate: The amount paid for each hour of work.
- Hours Worked: Total hours worked in a week.
- Overtime Multiplier: The factor by which the hourly rate is multiplied for overtime pay.
How It Works: A Step-by-Step Example
For example, if your hourly rate is $20, you worked 50 hours in a week, and the overtime multiplier is 1.5:
Regular Hours: 40 hours × $20 = $800
Overtime Hours: 10 hours × $20 × 1.5 = $300
Total Pay: $800 + $300 = $1,100
Frequently Asked Questions (FAQ)
What is overtime pay?
Overtime pay is the additional pay for hours worked beyond the standard workweek.
How is overtime pay calculated?
Overtime pay is generally calculated at 1.5 times the regular pay rate for hours worked over 40 hours in a workweek.
Is the overtime multiplier always 1.5?
No, the multiplier can vary based on industry regulations and specific employment contracts.
Are all jobs eligible for overtime pay?
No, some jobs are exempt from overtime pay depending on the nature of the work and the salary level.
How can I verify my overtime pay?
Check with your HR department or refer to your employment contract for details on your overtime pay eligibility.