Overtime Rate

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The overtime rate calculates the ratio between employee overtime with the planned working times in a specific time period.

[edit] Interpretation

A high overtime rate is an indicator of a temporary or permanent high workload. It could result in a higher Illness Rate and higher labor costs. It could be a reason to rethink time models or simply result in hiring new employees. over 40 hours = 1.5 times hourly rate

[edit] Calculation Formula

• Unit of Measure: %

Time account overtime and planned working times shall be counted in hours to calculate the overtime rate, only paid overtime of permanent and active (employment rate > 0) employees shall be considered.

[edit] See also

v • d • e Employment topics Hiring Cover letter • Employment contract • Independent contractor • Interview • Job fraud • Résumé/CV • Work-at-home scheme Roles Full time • Job • Part time • Permanent • Permatemp • Self-employed • Temporary • Internship • Volunteer Attendance Break • Leave of absence • No call, no show • Sick leave • Workers' compensation Schedules 35-hour workweek • Flextime plan • Eight-hour day • Overtime • Telecommuting • Shift work • Workweek • Working time Wages Living wage • Maximum wage • Minimum wage • Paid time off • Overtime Rate Infractions Employee handbook • Sexual harassment • Sleeping while on duty Termination At-will employment • Constructive dismissal • Firing • Layoff • Letter of resignation • Resignation • Retirement • Severance pay • Unemployment • Wrongful dismissal