How To Calculate Overtime Hours In Excel

What is the formula for calculating overtime in Excel?

In the cells which you want to calculate the payment for regular hours and overtime, enter the formula =F8*I2 and formula =G8*J2 separately, see screenshots: In the formula, F8 and G8 are the cells containing total regular hours and total overtime, I2 and J2 contain the payment per hour.

How do you calculate overtime in sheets?

Calculate Total Pay

To breakdown the formula, (F5*H5) calculates the pay for the regular hours and (G5*H5*1.5) calculates the pay for working overtime. By adding these two, we get the total pay.

How do you calculate hours worked?

Determine the start and the end time.

Convert the time to military time (24 hours)

Transform the minutes in decimals.

Subtract the start time from the end time.

Subtract the unpaid time taken for breaks.

Related Question how to calculate overtime hours in excel

How do you calculate 8 hour work days?

Convert all times to 24 hour clock (military time): Convert 8:45 am to 08:45 hours.

Next, Subtract the start time from the end time.

Now you have the actual hours and minutes worked for the day.

Finally to determined total wage, you will need to convert this to a decimal format.

How do you calculate 30 Minutes Overtime?

The standard overtime rate is 1.5 times the employee's regular hourly wage. This number is also commonly known as “time-and-a-half.” So if one employee makes $15 per hour, their overtime rate is $22.50 per hour ($15 x 1.5). If another employee makes $25 per hour, their overtime rate is $37.50 per hour ($25 x 1.5).

How are double overtime hours calculated?

Total single-shift hours less than or equal to 12 hours – (minus) 8 = Time paid at overtime rate.

Total single-shift hours more than 12 hours – (minus) 12 = Time paid at double-time rate.

How do you calculate overtime pay per hour?

Take the regular wage rate multiplied by 40 (or the number of hours you worked before qualifying for overtime).

Use the regular pay rate per hour multiplied by 1.5 (this is the amount per hour of overtime you will be compensated).

Multiply this by the number of overtime hours you work.

How do I change 24 hours to 12 hours in Excel?

How do I convert hours to weeks in Excel?

To convert an hour measurement to a week measurement, divide the time by the conversion ratio. The time in weeks is equal to the hours divided by 168.