Time-and-a-Half Overtime Based on Average Hourly Rate

This formula averages the hourly rates of all of the regular timecards within the specified accumulation period and multiplies the average rate by 1.5 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 = 1.5 x OHRF_WeightedAverageHourlyRate