# Overtime Paycheck Calculator

Regular rate
\$ / per
Work hours in a month
hours
Overtime pay multiplier
Overtime hours in a month
hours
Total Regular Pay  =  3200 \$
Total Overtime Pay  =  750 \$
Total Salary  =  3950 \$
CALCULATE

## Overtime Paycheck Calculator

The overtime calculator can help us calculate overtime. This calculator works by entering our regular rate, how many hours we work per month, the overtime multiplier, and the overtime period.

The Overtime Paycheck Calculator helps us understand how much money we will earn if we have to stay longer at work. It is necessary to follow the next steps:

• Enter the regular rate per period (hour, day, week). This value must be positive;
• Enter how many hours we work per month. This value must be in range [0, 170];
• Enter the number by which our regular pay multiplied if we work overtime. This value must be in range [0, 5];
• Enter the number of overtime hours in a month. This value must be in range [0, 56];
• Press the ”Calculate” button to make the computation.

Hourly Overtime Pay is given by the following formula

Hourly Overtime Pay = Hourly Regular Pay × m,

where m is the multiplier (most typically 1.5).

Total Overtime Pay is given by the following formula

Overtime Pay = Hourly Overtime Pay × n,

where n is the number of overtime hours in a month.

Total Salary formula at the end of the month is given by the formula

Total Salary = Overtime Pay + Hourly Regular Pay × k,

where k is the number of working hours per month.

## What is the term overtime?

Overtime work is work that, at the request of the employer, the employee is obliged to work longer than working hours. The law prescribes restrictions on a daily and weekly level and says that overtime work cannot last longer than 8 hours a week, i.e. employees cannot work longer than 12 hours a day. Overtime hours include effective full-time hours. Overtime work can be performed by both permanent and temporary employees.

To be financially secure, it is important to save money on time. One of the ways we can earn more is to work more, that is, to have overtime jobs. It is important that if we have overtime work, we make the most of the extra hours and, of course, that we manage our earnings and savings wisely and thoughtfully. Some research shows that the average American works overtime for just over 4 hours a week. That’s about 208 hours a year. It is believed that overtime is paid less than regular work, but this is not always the case. The overtime rate is 1.5 times higher than the regular hourly rate. Overtime hours increase our annual income and thus our annual earnings will be higher.

### How to increase our earnings?

The highest paid jobs per hour in America are:

•  Mechanics of industrial machines. This job to know electrical and computer programming to repair sophisticated equipment. The average annual salary of industrial machine mechanics is \$53,330. The average hourly wage is \$25.96.

•  Heavy truck and tractor drivers. This job involves the passage of heavy goods between cities and states. To be able to perform these jobs, we need to have a high school diploma, a driver’s license, and a certificate from a professional driving school. This job means that we are not at home for a long period, as well as driving at night. The average annual driver’s salary is \$ 45,570, and the average hourly salary is \$21.91.

•  Fitness trainers and aerobics instructors. This job covers various areas such as personal training, sports fitness, etc. It would be better to have a certificate for this type of work. It is done on weekends, holidays and at night. The average annual salary is \$44,580, and the average hourly wage is \$21.43.

•  Painters, construction, and maintenance staff. This job requires that we have the skills to paint residential walls, buildings, bridges, and other surfaces. The average annual kid is \$43,050, and the average hourly wage is \$21.43.

•  Secretaries and administrative assistants. This profession is needed in every industry. It is performed by all administrative tasks. We need to have a high school diploma, basic knowledge of computer software applications, but also additional training if necessary. The average annual salary is \$42,320, and the average hourly wage is \$20.34.

### How do we compare our work to overtime?

Everyone who wants to make more money will work overtime. However, overtime has, in addition to its good sides, such as higher hours, we do not have to hurry to work, and thus we have less stress, and there are some disadvantages. And those are fatigue and the impossibility of rest, the division of our focus into several sides, less time for ourselves due to the extremely dense schedule, great potential for burnout at work.

However, we always look at earnings with other expenses, such as travel to work, travel expenses, how long to travel, food expenses, and possibly if we have a family, renting a babysitter to babysit.
If the costs and earnings are equal, it is better not to work overtime, because that other job will bring less sleep and more stress. It is very important to ask ourselves the following questions if we want to work overtime.

• If we save, can we solve our financial problems, so there is no need to look for additional work?
• If we want to advance in another industry, then accepting additional work would be exceptional for our and our progress and would be worth sacrificing.
• If our additional job costs the old job, it is better not to accept it, but to focus on your full-time job. Some employers devalue additional work, i.e. our business in another firm.
Working on multiple jobs at the same time should not be permanent, because it is unsustainable. It is a period in our lives when we want to earn extra and gain more experience. It is important to focus on a job that will provide us with enough income.
Even if we choose over time, it is important to choose a job that does not cause us too much inconvenience.

### How to make good money from overtime work?

Below are some tips on how to make good money from overtime.

• It is important to avoid beating below 7 minutes of overtime. What does this mean in practice? If we have worked overtime for 53 minutes, our employer can round it up to 50 minutes. But if we work overtime for 58 minutes, the employer has to round it up to 60 minutes.

• Let’s synchronize productive days with overtime, to make the most of the extra work, best to coordinate our overtime schedule on the days when we are most productive, which is either Monday or Tuesday. On other days of the week, productivity declines.

• We must be rested, that we get a good night’s sleep. Improving sleep can affect our productivity and alertness at work which is important if we have extra hours of work each week. It is believed that adults should sleep between 7 and 9 o’clock during the night.

• We need to drink more water than caffeine. If we ingest more caffeine to stay awake and endure work, we will result in palpitations, nervousness, stomach problems, dehydration.

• While at work, we should avoid additional distractions such as social networks, online shopping websites, etc. An employer expects the best from its employees, even if it is overtime.

• At the beginning of the job, it is important to determine which are the most important jobs for us and to do them first. After that, we are free to move on to easier tasks. Another facilitating option is to group related tasks into several categories and do so until the end of the workday.