Skip to main content

Excel Formula: Calculate overtime pay

Author: Sun Last Modified: 2020-07-02

doc calculate overtime pay 4

Generally, overtime pay is different from the regular working pay, for instance, 10 dollars per hour for regular working hours, but 15 dollars per hour for working overtime. Here in this tutorial, it shows a timesheet to list the working hours, and provides a formula to calculate the overtime pay.

If you want to follow along with this tutorial, please download the example spreadsheet.
sample

Generic formula:

(reg_hrs*rate)+(ot_hrs*rate*1.5)

Arguments

Reg_hrs: the number of regular working hours.
Ot_hrs: the number of overtime working hours.
Rate: regular hourly pay.
1,5: 1.5 times the normal rate. Here taking into account overtime paid at 1.5 times the normal rate. You can change it to the actual value.

Return value

It returns the total pay including regular working pay and overtime working pay.

How this formula work

doc add hours to time 7

Supposing the timesheet is shown as above, please use the formula as this:

=F5*H5+(G5*H5*1.5)

Press Enter key, the total pay has been calculated.
doc calculate overtime pay 2

Then drag the fill handle over the cells you want to calculate the pay.
doc calculate overtime pay 3

Note

Calculate the working hours: =(outtime-intime)*24, for instant, =(D5-C5)*24

Calculate the overtime hours: =workinghours-regular, for instant, =E5-F5


Relative Formulas

Relative Functions


The Best Office Productivity Tools

Kutools for Excel - Helps You To Stand Out From Crowd

🤖 Kutools AI Aide: Revolutionize data analysis based on: Intelligent Execution   |  Generate Code  |  Create Custom Formulas  |  Analyze Data and Generate Charts  |  Invoke Kutools Functions
Popular Features: Find, Highlight or Identify Duplicates  |  Delete Blank Rows  |  Combine Columns or Cells without Losing Data  |  Round without Formula ...
Super VLookup: Multiple Criteria  |  Multiple Value  |  Across Multi-Sheets  |  Fuzzy Lookup...
Adv. Drop-down List: Easy Drop Down List  |  Dependent Drop Down List  |  Multi-select Drop Down List...
Column Manager: Add a Specific Number of Columns  |  Move Columns  |  Toggle Visibility Status of Hidden Columns  Compare Columns to Select Same & Different Cells ...
Featured Features: Grid Focus  |  Design View  |  Big Formula Bar  |  Workbook & Sheet Manager | Resource Library (Auto Text)  |  Date Picker  |  Combine Worksheets  |  Encrypt/Decrypt Cells  |  Send Emails by List  |  Super Filter  |  Special Filter (filter bold/italic/strikethrough...) ...
Top 15 Toolsets12 Text Tools (Add Text, Remove Characters ...)  |  50+ Chart Types (Gantt Chart ...)  |  40+ Practical Formulas (Calculate age based on birthday ...)  |  19 Insertion Tools (Insert QR Code, Insert Picture from Path ...)  |  12 Conversion Tools (Numbers to Words, Currency Conversion ...)  |  7 Merge & Split Tools (Advanced Combine Rows, Split Excel Cells ...)  |  ... and more

Kutools for Excel Boasts Over 300 Features, Ensuring That What You Need is Just A Click Away...

Description


Office Tab - Enable Tabbed Reading and Editing in Microsoft Office (include Excel)

  • One second to switch between dozens of open documents!
  • Reduce hundreds of mouse clicks for you every day, say goodbye to mouse hand.
  • Increases your productivity by 50% when viewing and editing multiple documents.
  • Brings Efficient Tabs to Office (include Excel), Just Like Chrome, Edge and Firefox.

Comments (0)
No ratings yet. Be the first to rate!
There are no comments posted here yet
Please leave your comments in English
Posting as Guest
×
Rate this post:
0   Characters
Suggested Locations