Weighted Overtime Calculator

Formula

To calculate the Weighted Overtime Pay (WO):

\[ WO = (H \times R) + (OH \times (R \times OR)) \]

Where:

$WO$ is the Weighted Overtime Pay (dollars)
$H$ is the Regular Hours Worked
$R$ is the Regular Hourly Rate (dollars)
$OH$ is the Overtime Hours Worked
$OR$ is the Overtime Rate

What is Weighted Overtime?

Weighted overtime is a method of calculating overtime pay where different rates are applied depending on the circumstances under which the overtime was worked. This could depend on factors such as the day of the week, whether it was a holiday, or the number of hours worked beyond the standard work week. The aim is to fairly compensate employees for working additional hours under varying conditions.

Example Calculation

Let's assume the following values:

Regular Hours Worked ($H$) = 40
Regular Hourly Rate ($R$) = $20
Overtime Hours Worked ($OH$) = 10
Overtime Rate ($OR$) = 1.5

Using the formula:

\[ WO = (40 \times 20) + (10 \times (20 \times 1.5)) = 800 + 300 = 1100 \]

The Weighted Overtime Pay is $1100.