Overtime Budget Calculator
Project overtime costs and compare to hiring additional staff.
Inputs
$
hrs
%
Results
Annual Overtime Cost
$225,000
Overtime Hourly Rate$37.5
Weekly OT Cost$4,500
Monthly OT Cost$19,485
Annual Burdened OT Cost$292,500
FTE Equivalent2.9
Savings if FTEs Hired Instead$97,500
How to Use This Calculator
- Enter the number of employees regularly working overtime.
- Set the average hourly rate and overtime hours per week per employee.
- Set the overtime multiplier (1.5× for standard FLSA time-and-a-half).
- Enter the number of working weeks per year.
- Review the weekly, monthly, and annual overtime budget.
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