Overtime Calculator

Pretty different from a large portion of time calculators available on our website, this overtime calculator is a free online tool designed to simplify the calculation of your overtime pay based on key inputs like your normal pay rate, overtime multiplier, normal time worked, and overtime worked. This tool ensures you can effortlessly stay informed and better control your additional earnings.

What is Overtime and Overtime Rate?

Overtime refers to the hours worked beyond the standard work hours set by an employer or labor laws. The overtime rate is the pay rate for these extra hours, usually higher than the regular hourly wage. 

For example, if your regular pay rate is per hour and your overtime rate is 1.5 times your regular rate (often referred to as "time and a half"), you would earn 150% of the regular rate for each hour of overtime work. These rates are intended to compensate employees for the additional time and effort they put in beyond their usual work schedule.

How to Use Our Overtime Calculator?

Our Overtime Calculator is created to be efficient and user-friendly. Here’s how you can use it to calculate your overtime pay:

Step 1. In the Normal Pay Rate field, enter your regular hourly wage, the amount you get paid for each hour worked during normal hours.

Step 2. Select the rate at which your overtime is paid (e.g., 1.5 for time and a half).

Note on overtime rates: Your overtime rate can vary depending on your location and employer's policies. It could be one of the following:

• "Time and a Half": This is 1.5 times your regular hourly rate.
• "Double Time": This is twice your regular hourly rate.
• Triple Time": This is three times the regular standard rate.
• Other Multiples: If your rate differs, select "Other" and enter the specific multiple.

Step 3. Enter the total number of hours you worked within the regular working hours for a day, week, two weeks, or month.

Step 4. Provide the total number of hours you worked beyond your regular schedule that qualify as overtime for the same day, week, two weeks, or month.

Step 5. Once you have entered these details, hit the Calculate button, and the calculator will immediately provide you with your total overtime pay. It’s that simple!

How to Calculate Overtime Pay Manually: Formulas for Overtime Pay

Overtime Formula

It’s simple and easy to calculate overtime pay manually if you understand the basic formula involved. Below is the easy formula to determine the overtime pay: 

Overtime Pay = overtime hours worked x hourly wage × overtime multiplier 

Note: Your overtime hours are calculated by subtracting the total number of regular hours you have worked (in a day, a week, a month, etc.) from the total number of hours you have worked (in the same period).

For example, if your normal pay rate is $20 per hour, you worked 40 regular hours last week, and 10 overtime hours at a 1.5 multiplier, your calculations would be:

Overtime Pay = 10 x $20 x 1.5 = $300

Total Pay Formula

To determine your total earnings, including overtime, you need to add your overtime wages to your regular pay. Here’s the formula:

Total Pay = Normal Pay + Overtime Pay

To break it down:

• Normal Pay is calculated by multiplying your regular hourly wage by the total hours you worked within your standard schedule. Normal Pay = Hourly Wage × Regular Hours Worked
• Overtime Pay is calculated by applying the above formula.

Note: You can use our Work Hours Calculator or Time Clock Calculator to determine both your regular and overtime hours by simply inputting your start and end times for the workday

Example: Let’s say you work 40 regular hours and 5 overtime hours a week. Your hourly wage is $20, and your overtime rate is 1.5 times your regular rate. Here’s how you would calculate your total pay:

• Step 1. Calculate your normal pay: Normal Pay = $20 x 40 = $800
• Step 2. Calculate your overtime pay: Overtime Pay = $20 × 1.5 x 5 = $150
• Step 3. Now, calculate your total pay: Total Pay = $800 + $150 = $950

These formulas provide a clear method for calculating your earnings, ensuring you are compensated fairly for your time. Still, it may take time and sometimes can be prone to human errors. So, be sure to double-check your calculations to ensure accuracy.

Also, using our Overtime Calculator is a good option, as it helps simplify this process and saves you from the hassle of manual calculations.

Frequently Asked Questions

What is the common overtime multiplier?

The overtime multiplier, or overtime rate, is the factor by which your regular pay rate is multiplied to calculate overtime wages. Common overtime multipliers include 1.5x (time and a half) and 2x (double time).

How do I know my overtime rate?

Your overtime rate is typically specified in your employment contract or company policy. If you're unsure, you can ask your employer or HR department about the terms of overtime rate and overtime pay.

How does an overtime calculator work?

The Overtime calculator uses mathematical formulas to automatically calculate overtime pay based on the user's inputted information. The tool is free to use & accessible on tablets, desktop PCs, and, of course, smartphones.

In short, calculating overtime pay should not be a headache. Whether you work the occasional extra hour or frequently put in overtime, our Overtime Calculator ensures that you always know exactly what you’re earning. With simple inputs and fast results, it is nothing but, well, the perfect tool for those who'd like to stay on top of their finances and ensure fair compensation. Try it today & take the guesswork out of your overtime pay calculations.