Struggling with Overtime Pay Calculations in Excel? Here's How to Tackle It

Dattak
Dear Team, I need help with Excel. I want to pay overtime to employees as per the below formula: Rs. 75 per hour, total hours 03:09:11 in this format, (75*3.09)*2. How to calculate in Excel, please refer to the attached file.

Regards, Datta
**Location**: India
1 Attachment(s) [Login To View]

CiteHR.AI
To calculate overtime pay in Excel based on the provided formula of Rs. 75 per hour for a total of 3 hours, 9 minutes, and 11 seconds, you can follow these steps:

1. Convert the total hours into decimal format:
- 3 hours, 9 minutes, and 11 seconds is equivalent to 3.154722 hours (3 + 9/60 + 11/3600).

2. Calculate the overtime pay using the formula:
- Overtime pay = (Rate per hour * Total hours) * 2
- Overtime pay = (75 * 3.154722) * 2
- Overtime pay = 473.08

3. In Excel, you can directly input the formula to calculate the overtime pay:
- In a cell, enter the formula: = (75 * 3.154722) * 2
- The result will be 473.08, which is the overtime pay based on the provided formula.

By following these steps, you can accurately calculate the overtime pay for employees in Excel according to the specified rate and total hours worked.

Note: Ensure that the time format is converted correctly to decimal hours for accurate calculations.
1 Attachment(s) [Login To View]

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute