Overtime Calculator - Creative Widgets

The typical working week in the US is 40 hours, but many people work so much more than that.

Unfortunately, they are not often compensated for their efforts.

This is why we created a simple overtime calculator to help you estimate how much you should be paid for overtime hours.

Fill in the information below and get your answers right away.

Note: The calculation is illustrative and simplified. Always check the pay nuances with your employment contract.

Overtime Pay Explained

Overtime pay is additional compensation for hours worked beyond the standard full-time hours, usually 40 hours per week. The Fair Labor Standards Act (FLSA) sets the guidelines for this type of pay in the United States.

Overtime Premium: You typically receive one and a half times or 50% more than your regular pay rate for overtime hours. This is often referred to as “time and a half.”

Important Points to Remember:

Federal Guidelines: The U.S. Department of Labor enforces federal overtime laws to ensure fair compensation.
Nonexempt Employees: Employees eligible for overtime pay include hourly workers like construction workers and plant managers.
Exemptions: Some salaried employees may be exempt from overtime pay based on their job duties and salary thresholds.

Key Aspects:

Thresholds: To qualify for overtime, you must work more than 40 hours in a workweek.
State Laws: Some states have overtime regulations, which might provide additional protections beyond federal law.

Understanding overtime pay and its regulations ensures you’re fairly compensated for your extra work hours.

Overtime Formula

To calculate overtime pay, you start with the regular pay rate. The standard pay rate is the base hourly wage before overtime.

Standard Formula:

Overtime Pay = Overtime Hours Worked * Overtime Rate

Where:

Overtime Hours: Hours worked above 40 hours in a given week.
Overtime Pay: The base pay multiplied by the premium, eg, 20 * 1.5 = $30

Time and a Half

The overtime rate is 1.5 times the regular pay rate for time and a half.

Overtime Rate = 1.5 * Regular Pay Rate

Double Time

Some companies may offer double-time pay for holidays or weekends. The overtime rate is twice the regular pay rate for double time.

Overtime Rate = 2 * Regular Pay Rate

Triple Time

Triple time means the rate is three times the regular pay rate.

Overtime Rate = 3 * Regular Pay Rate

These formulas help ensure you are accurately compensated for your overtime hours. Use them to keep track of your working hours and earnings.

Overtime Example Calculation

Say you work 40 hours in a standard work week. Any hours beyond this threshold count as overtime.

Let’s say your hourly rate is $30. You worked 10 hours of overtime this week.

Here’s how to calculate your total pay:

Regular Pay

Regular Hours: 40
Regular Pay: 40 hours * $30/hour = $1,200

Overtime Pay

Overtime Rate: Time and a half pay = $45/hour
Overtime Hours: 10
Overtime Pay: 10 hours * $45/hour = $450

Total Pay

Total Pay for the Week: Regular Pay + Overtime Pay = $1,200+ $450 = $1,650

This means your total pay per period is $1,650 if you work 50 hours a week, 10 of which are overtime hours.

If you worked these hours consistently over a year, your total pay per year would be:

Regular Pay Per Year: $1,200/week * 52 weeks = $62,400
Overtime Pay Per Year: $450/week * 52 weeks = $23,400
Total Pay Per Year: $62,400 + $23,400 = $85,800

Using an overtime calculator helps you see how extra work can significantly increase your total pay. This improves your productivity and could lead to a pay raise.