What is time and a half?
Time and a half means your overtime hourly rate is 1.5 times your regular hourly wage. For example, if you earn $20/hr normally, your overtime rate would be $30/hr. This is the most common overtime rate in the United States under the Fair Labor Standards Act (FLSA). See also our Hourly to Salary Calculator.
How do I calculate overtime pay?
To calculate overtime pay, multiply your regular hourly wage by the overtime multiplier (e.g. 1.5) to get your overtime hourly rate. Then multiply that rate by the number of overtime hours worked. For example: $20/hr × 1.5 = $30/hr overtime rate; $30 × 10 overtime hours = $300 overtime pay.
How do I find my total pay including overtime?
Add your regular pay to your overtime pay. Regular pay = hourly wage × standard hours. Overtime pay = (hourly wage × overtime multiplier) × overtime hours. Sum both amounts to get your total weekly earnings.
How do I calculate my monthly overtime pay?
Multiply your weekly overtime pay by the average number of weeks in a month, which is approximately 4.33. For instance, if you earn $300 in overtime per week, your monthly overtime pay would be $300 × 4.33 = $1,299. You might also find our Split Bill Calculator useful.
How much overtime pay would I get by working 10 extra hours per month?
Divide those 10 hours across roughly 4.33 weeks, then multiply by your overtime hourly rate. If your regular rate is $20/hr and your multiplier is 1.5x, your overtime rate is $30/hr. Working 10 extra hours per month gives you $300 in additional overtime pay.
What does 'exempt status' mean for overtime?
Exempt employees are not entitled to overtime pay under the FLSA. To qualify as exempt, employees generally must be paid on a salary basis, earn above a minimum salary threshold (currently $684/week in the US), and work in an executive, administrative, or professional capacity. Non-exempt employees must receive overtime pay for hours worked beyond 40 per week.
What is double time pay?
Double time means you are paid twice your regular hourly wage for overtime hours. It's less common than time and a half but may apply on holidays, Sundays, or after extremely long shifts depending on your employer's policy or local labor laws.
Are all employees entitled to overtime pay?
No. Under the FLSA, only non-exempt employees are entitled to overtime. Certain salaried professionals, executives, administrators, outside salespeople, and some other categories may be classified as exempt and are not entitled to overtime pay, regardless of how many hours they work.