Overtime Premium and Direct Labour

System
System Posts: 100,537 🤖 Admin 🤖
edited 10:29AM in Student community
Hi,

Does anyone know how to work out overtime premiums?

eg. If the contracted hours are 37 and they actually worked 45 hours at £8.00 per hour and the overtime rate was time and a quarter.

I have looked through my payroll books and I just can't find out how to work out the premium.


Could someone please explain how to work out the direct labour as well.

Thanks.

Hayley

Comments

  • System
    System Posts: 100,537 🤖 Admin 🤖
    Re:Overtime Premium and Direct Labour

    Hi Hayley,

    Try this

    37 x £8.00 basic £296.00
    8 x (£8.00 x 1.25)overtime £ 80.00
    TOTAL £376.00


    Debs

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