Regular Portion of Overtime Based on Employee Master Rate, and Premium Portion of Overtime Based on Average Hourly Rate

This formula uses the employee's rate, as specified in the F060116 table, to derive the regular portion of overtime. The system then multiplies the average hourly rate from the timecards by .5 to determine the premium portion and adds the two rates together to determine the new hourly rate for overtime. You can use this formula in an overtime accumulator rule within an overtime rule set.

New Hourly Rate = OHRF_EmployeeMasterRate + (0.5 x OHRF_WeightedAverageHourlyRate)