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Calcimator

Overtime Budget Calculator

Project overtime costs and compare to hiring additional staff.

Inputs

$
hrs
%

Results

Annual Overtime Cost

$225,000.00

≈ 5 Teslas

Overtime Hourly Rate$37.50
Weekly OT Cost$4,500.00
Monthly OT Cost$19,485.00
Annual Burdened OT Cost$292,500.00
FTE Equivalent2.9
Savings if FTEs Hired Instead$97,500.00
How to Use This Calculator
  1. Enter the number of employees regularly working overtime.
  2. Set the average hourly rate and overtime hours per week per employee.
  3. Set the overtime multiplier (1.5× for standard FLSA time-and-a-half).
  4. Enter the number of working weeks per year.
  5. Review the weekly, monthly, and annual overtime budget.

How the result changes with Employees Working OT

Employees Working OTAnnual Overtime Cost
10,001$150,015,000.00
35,001$525,015,000.00
65,000$975,000,000.00
90,000$1,350,000,000.00

What each input means

Employees Working OT
Number of employees regularly working overtime.
Average Hourly Rate
Average regular hourly rate.
OT Hours Per Week (each)
Average overtime hours per employee per week.
OT Multiplier
Overtime pay multiplier (1.5x = time and a half).
Weeks Per Year
Working weeks per year (accounting for holidays).
Benefits Load %
Benefits and taxes as percentage of wages.

How this is calculated

Worked example, using the default values

  1. Identify Input Parameters
    4 parameters
    Employees Working OT = 15, Average Hourly Rate = 25, OT Hours Per Week (each) = 8, OT Multiplier = 1.5 = 6 input(s) provided
  2. Calculate Annual Overtime Cost
    Annual Overtime Cost
    225000 = $225,000
  3. Calculate Overtime Hourly Rate
    Overtime Hourly Rate
    37.5 = $37.5
  4. Calculate Weekly OT Cost
    Weekly OT Cost
    4500 = $4,500

Engine last updated . Checked against 2 independently-derived tests — how we verify calculators.

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