You take the average of the hourly pay of each job to get the rate of pay. Also, you calculate overtime based on the weighted overtime pay rate. Calculating the Regular Rate of Pay An employee’s regular pay rate is based on the amount of calculated earnings divided by the number of ...
Tip If you have a job where you work a lot of overtime be sure to figure that amount of money into the yearly salary as well. For example, someone who worked 60 hours a week and got overtime after 40 hours, the equation would read: [Base Rate x 40 = Base Weekly Wage] + [Over...
If you're a salaried employee, your human resources department or office manager should be able to tell you what your annual salary is if you don't already know. Otherwise, you can look at your pay stub to figure it out. Under your earnings or wages, your current pay before taxes shoul...
A salary breakdown to hourly pay can reveal how much you are earning based on the amount of time you put in. People who make $50,000 a year but work 80 hours a week aren't doing themselves any favors, so it might make sense to seek a better arrangement. It's also important to co...
Payroll can be stressful, time-consuming, and tedious all at once. Learn how to set up and manage payroll at your store. Get started.
In certain states like Colorado and California, the job listing has to have a salary range for pay transparency. This can be helpful for getting an idea of what the low- and high-end averages are for positions like the one you’re being offered. Hourly and salary ranges can also vary ...
If you’re wondering how to figure out labor costs for your business, you’re not alone. Navigating that labyrinth can be daunting for businesses of all sizes and industries. However, understanding and effectively managing these costs is crucial for the overall financial health of your business....
Hub Payroll How To Pay Independent Contractors In 2025 January 16, 2025Freelancers and independent contractors are important in today’s workforce, bringing an array of useful skills while allowing small businesses to contract their work without paying a full-time employee salary with benefits. A ...
A salary is a specified amount of money paid to an employee per pay period, rather than a variable amount that depends on hours worked. Depending on how an employer classifies a job, the salary may or may not include a regular hourly rate. If it does, wo
What you'll likely see in this section depends on whether you are a salaried or an hourly worker. If you work by the hour, your hourly rate and the number of hours you worked for the pay period will be listed. You may also see overtime hours. If you earn an annual salary, you'll...