Calculations for Salaried Employees with Fixed Salaried Hours
For salaried employees for whom the salaried hours option is Fixed Salaried Hours, the system calculates alternative overtime as follows:
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Calculates the alternative rate as (regular period pay + total other FLSA eligible earnings) / weekly standard hours.
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Compares this alternative rate to the hourly rate on job.
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If the alternative rate is equal to or less than the hourly rate, uses job hourly rate to calculate the overtime premium.
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If the alternative rate is greater than the hourly rate, uses the alternative rate to calculate the overtime premium.
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