• SPR is the shift premium rate ($/hr) • HW is the hours worked (hrs) To calculate Shift Premium, multiply the shift premium rate by the hours worked. ## How to Calculate Shift Premium? The following steps outline how to calculate the Shift Premium. 1. First, determine the shift premium rate ($/hr).
2. Next, determine the hours worked (hrs).
3. Next, gather the formula from above = SP = SPR * HW.
4. Finally, calculate the Shift Premium.
5. After inserting the variables and calculating the result, check your answer with the calculator above.

Example Problem :

Use the following variables as an example problem to test your knowledge.

shift premium rate (\$/hr) = 50

hours worked (hrs) = 4