Overtime Calculation Using Multiple Add On Codes

  • Overtime Calculation Using Multiple Add On Codes

    Posted by DSC Communities on April 4, 2017 at 12:46 am
    • Charles Allen

      Member

      April 4, 2017 at 12:46 AM

      A company wants to calculate the hourly pay rate as follows:

      (Pay Rate $10 + Add On Code $2.00 + Add On Code 3.0% of Pay Rate) x 1.5

      The Pay Rate will change based on the employee. Using the example above, the numbers would be as shown:

      $10 + $2 + $0.30 = $12.30 x 1.5 = $18.45

      If the base pay rate was $15, the calculation would be as follows:
      $15 + $2 + $0.45 = $17.45 x 1.5 = $26.18

      Is this calculation possible?

      Thank you

      ——————————
      Charles Allen
      Senior Managing Consultant
      BKD Technologies
      Houston, TX
      ——————————

    • Thaddeus Suter

      Member

      April 4, 2017 at 8:35 AM

      Yes it can be setup. But a more simple construct would be  OT Rate = Base Pay Rate x 1.545 (154.5%) + $3.00.

      ——————————
      Thaddeus Suter
      Retus, Inc
      Helotes TX
      ——————————
      ——————————————-

    DSC Communities replied 7 years, 3 months ago 1 Member · 0 Replies
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