Overtime Rate Based on Timecard Rate and Pay Rate Multiplier

This function calculates the overtime rate by retrieving the hourly rate from the original timecard and multiplying it by the pay rate multiplier that is specified on the timecard. This method is typically used for employees in the United States who receive tips. You can use this formula in an overtime accumulator rule within an overtime rule set.

New Hourly Rate = OHRF_PayRateMultiplier x OHRF_TimecardRate