Salaried - How to work out hourly OT rate?

[amusingduck]

Hi All,

Is it really as simple as:

((Annual Gross Pay)/52) /Weekly Hours Worked


It doesn't seem right to me, what about weekends and holidays? To my mind, it should be (Annual Gross Pay/Hours Worked) = Hourly rate.


Does anyone have any experience of calculating an hourly/overtime rate when you are a salaried employee? There is nothing stated in my contract regarding this.

Thanks!

[Countdown]

It's annual gross pay/days worked/ hours per day.

Days worked = 260 - annual leave - bank holidays.

[TheInternet]

amusingduck said:

Is it really as simple as:
((Annual Gross Pay)/52) /Weekly Hours Worked

It is that simple for me.

[slimtater]

TheInternet said:

amusingduck said:

Is it really as simple as:
((Annual Gross Pay)/52) /Weekly Hours Worked

It is that simple for me.

Or to be really accurate it is /52.142!! ;-)

[Super Slo Mo]

It is that simple, if you know how many hours a week you're contracted for (perhaps nominally). That should apply regardless of whether you're on holiday or off sick, so it'd be GrossSalary/52/ContractedHours = standard hourly rate.

[New POD]

Every salaried position I've had the contract said "we do not pay overtime"

Hence why I am a contractor, and get paid by the hour.

[Countdown]

slimtater said:

TheInternet said:

amusingduck said:

Is it really as simple as:
((Annual Gross Pay)/52) /Weekly Hours Worked

It is that simple for me.

Or to be really accurate it is /52.142!! ;-)

People don't work 52 weeks a year - statutory minimum annual leave is 21 days (IIRC) on top of which there are 8 bank holidays.

[Sheets Tabuer]

I always thought it was 20 days which includes bank holidays, could be wrong.

Also had the old "extra hours when required" contract which gets them out of paying overtime.

[Super Slo Mo]

Countdown said:

People don't work 52 weeks a year - statutory minimum annual leave is 21 days (IIRC) on top of which there are 8 bank holidays.

Effectively you get paid 52 weeks a year though, your holidays are paid. I suppose it depends how you view it, but generally you get a monthly or 4 weekly salary.

[trickywoo]

New POD said:

Every salaried position I've had the contract said "we do not pay overtime"

Hence why I am a contractor, and get paid by the hour.

This.

If its not in your contract expect to be shafted.

At a job I used to do each member of the department was expected to stay in the office for an important sign off for up to five hours after normal finish once a week. No O/T was paid. The salary wasn't even good enough to make up for it.

[Engineer1]

amusingduck said:

Hi All,

Is it really as simple as:

((Annual Gross Pay)/52) /Weekly Hours Worked


It doesn't seem right to me, what about weekends and holidays? To my mind, it should be (Annual Gross Pay/Hours Worked) = Hourly rate.


Does anyone have any experience of calculating an hourly/overtime rate when you are a salaried employee? There is nothing stated in my contract regarding this.

Thanks!

anywhere between an overtime rate of £0 and rediculous depending on when the overtime is done. - hourly rate is best assumed as 48weeks at 37.5 hours assuming "normal" employment situation (9-5 or there abouts)

[New POD]

trickywoo said:

New POD said:

Every salaried position I've had the contract said "we do not pay overtime"

Hence why I am a contractor, and get paid by the hour.

This.

If its not in your contract expect to be shafted.

At a job I used to do each member of the department was expected to stay in the office for an important sign off for up to five hours after normal finish once a week. No O/T was paid. The salary wasn't even good enough to make up for it.

The worst was working at Garrett (as in Honeywell Engine Boosting). I was tasked with organising the implementation of passenger car variable nozzle turbo assembly into the plant in Skem (RIP) , for all of Ford UK's Diesel engines at Dagenham. This required that I buy alot of kit from an Italian Company, that our Italian sister site dealt with. Because of the design of the combined turbine housing and exhaust manifold this was a special similar to but not identical to 20 plus machine delivered in France and Italy.

So I had to go to Italy, meet a guy from France (from the European Manufacturing Technology Team) and a guy from Italy, and then spend 2 days with supplier agreeing the spec and negotiating price and project timescales.

The Monday was a bank holiday in the UK, and the Thursday was a bank holiday in France, and the French "expert" refused point blank to be in Italy on the Thursday, so I had to travel on a bank holiday. It took most of the day to get there. I left the house at 8am, and got to the factory at 5pm uk time, had 2 days of meetings, and travelled home on Thursday getting home at about 9pm. I went into work, and debriefed my manager, explained the risks to the plan, and explained that I'd be taking the following Monday off in lieu of the bank holiday.

Now at this point I remember a surreal conversation, where he seemed to think that in my contract, travel time was in my own time, and overtime wasn't paid, so tough.

And another surreal conversation where he seemed to be very angry that I'd been to HR and they'd subsequently told him in no uncertain terms that I could have the following Monday off. Apparently I'd failed to show any loyalty to him by going over his head. Doh.

My desire and motivation pretty much left me that day.