Overtime Percentage Formula:
From: | To: |
The Overtime Percentage calculates what portion of total pay comes from overtime work. It's particularly important in New York where overtime regulations are strictly enforced.
The calculator uses the overtime percentage formula:
Where:
Explanation: The formula shows what percentage of total earnings comes from overtime work.
Details: Monitoring overtime percentage helps employers manage labor costs and ensures compliance with New York labor laws regarding overtime pay.
Tips: Enter OT pay and total pay in dollars. Both values must be positive numbers, and OT pay cannot exceed total pay.
Q1: What is considered a high overtime percentage?
A: Generally, over 10-15% may indicate over-reliance on overtime, though this varies by industry.
Q2: How does New York calculate overtime pay?
A: New York requires 1.5 times regular rate for hours over 40 in a workweek.
Q3: Are there different rules for different industries?
A: Yes, some industries like healthcare have different overtime thresholds in New York.
Q4: Does this include double time?
A: The calculator includes all overtime pay, whether at 1.5x or 2x regular rate.
Q5: Why track overtime percentage?
A: Helps identify staffing issues, control labor costs, and ensure legal compliance.