How to calculate overtime pay for your employees + Walkthrough in Google Sheets

Learn how to calculate overtime pay for your employees based off different variations of pay rate and non-discretionary bonuses. We cover everything from determining pay rates and calculating gross pay to understanding the regular rate of pay and overtime premium. I even include a step-by-step calculation using Google Sheets.
Whether you're an employer or an HR professional, mastering these calculations is crucial for ensuring fair compensation. Follow along as we walk you through practical examples and formulas to streamline your payroll process.
As always, we're here to help.
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[@carlosraudez]

Thanks for the information, even when is a little bit confuse, ´cause I´m new with the information, allows me to clear some details.

[@valorpayrollsolutions]

@@carlosraudez glad you found it helpful! If you’d like to see a specific payroll question answered, please let us know!

[@MiraX871]

It's very useful video but what mean 1.5 in Overtime formula?

[@valorpayrollsolutions]

Overtime is paid at a rate of 1.5x's the regular rate of pay. Overtime is any hours worked over 40 in a workweek. Let us know if we can be of further assistance!