Multiple Pay Rates? Average OT Method?
This calculator was created at the request of a site visitor who wrote:
I own a company who deals with the Developmentally Disabled and in the past I have not had to pay overtime under FSLA for the personal care and respite services (companionship services) but now I do.
My employees have 3 different rates that they are paid and we are paid twice monthly. I use the weighted method for figuring overtime. Do you have a program that will figure this for semi-monthly paychecks?
To be honest, I had never heard of the weighted method for calculating overtime, but the visitor was kind enough to send me the formula. And viola! The calculator has become a reality!
Note that if you pay on a semi-monthly basis, but you use one of the traditional overtime methods, please visit the original semi-monthly timesheet calculator.
Easily Track Pay Period Hours for Multiple Hourly Rates
If you or your employees are paid different rates for different jobs, this calculator allows you to assign each rate to a number, and then assign each In/Out time block to the applicable number.
The calculator will then total up the hours and wages for each rate of pay, plus calculate the total regular wages for the pay period.
Weighted Average Overtime Method
If your company falls under FSLA's personal care and respite services category, and you are required to pay overtime based on the weighted average method, this calculator has you covered.
The calculator finds the weighed average hourly pay from the various rates entered, and then divides that number in half in order to arrive at the hourly overtime rate.
Next, if the number of hours worked exceeds the overtime threshold, the calculator multiplies the overtime eligible hours by the hourly overtime rate to come up with the amount of overtime pay to add to the regular wages.
Other Employee Hour and Wage Calculator Versions
If you don't pay on a semi-monthly basis, here are the other time and wage calculators I currently have available: