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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

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.
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