In this article, we will learn how to calculate overtime wages using the excel formula.
Sometimes we need to calculate the wages of the day including the employees overtime. To find the total wage for a particular employee including its overtime we will use the overtime formula below.
reg_hrs : regular hours
wage/hr : wage per hour
over_time : over time
compensation : extra wage to compensate for overtime
Here we have some data and compensation is 1.5 times the wage per hour.
Use the formula in the G6 cell:
As you can see the wage for the whole day for the employee ID 0082.
Now copy the formula to the other cells to get the Wage per day for other Employees. Use Ctrl + D or drag down option to get results.
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