Overtime Calculation
We
have a pay type 150 for overtime that is currently using the pay type
multiplier = 1.50 to compute overtime base on hours. We now want to compute overtime by adding
other DBAs together, divide that total by 80 hours, and add this amount to the
base rate before the pay type multiplier is applied. Is there a way to do this?
Example:
Base
rate = $20
- Current Overtime Calculation = $20 * 1.5 * hours.
- New Overtime Calculation
Overtime Calculation would be based on:
DBA (benefit) = $50 (DBA 1060)
= $ 4 (DBA 1065)
---------
= $54
Divide $54 / 80 hours = .675
Adjusted Overtime Rate = $20 + $.675 = $20.675
Overtime = $20.675 * 1.5 * hours