Overtime Pay on Flat Sum Bonus Payment Calculation Formula

To calculate the overtime pay on a flat sum bonus, the system first calculates the regular bonus rate using this formula:

Regular Bonus Rate = Flat Sum Bonus Amount / Number of Regular Hours

Note:

Number of Regular Hours = Hours associated with earnings codes that have the Category for FLSA field value set to Regular.

Then, the overtime pay on flat sum bonus is calculated using this formula:

Overtime Pay on Flat Sum Bonus = Regular Bonus Rate X Multiplication Factor of Overtime on Flat Sum Bonus Earnings Code X Number of Overtime Hours