Overtime Premium and Direct Labour
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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
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
0
Comments
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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
Debs0
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