Enter the standard rate ($/hr) and the overtime multiplier into the Overtime Rate Calculator. The calculator will evaluate the Overtime Rate. 

Overtime Rate Formula

The following two example problems outline the steps and information needed to calculate the Overtime Rate.

OVR = SR * M
  • Where OVR is the Overtime Rate ($/hr)
  • SR is the standard rate ($/hr) 
  • M is the overtime multiplier 

To calculate the overtime rate, multiply the standard rate by the overtime multiplier.

How to Calculate Overtime Rate?

The following example problems outline how to calculate Overtime Rate.

Example Problem #1:

  1. First, determine the standard rate ($/hr).
    • The standard rate ($/hr) is given as: 50.
  2. Next, determine the overtime multiplier.
    • The overtime multiplier is provided as: 1.5.
  3. Finally, calculate the Overtime Rate using the equation above: 

OVR = SR * M

The values provided above are inserted into the equation below and computed.

OVR = 50 * 1.5 = 75.00 ($/hr)

Example Problem #2: 

For this problem, the variables required are provided below:

standard rate ($/hr) = 60

overtime multiplier = 2.5

Test your knowledge using the equation and check your answer with the calculator..

OVR = SR * M = ?