FortCeara2
New Member
- Joined
- Sep 22, 2020
- Messages
- 1
- Office Version
- 365
- Platform
- Windows
I need help figuring out how to calculate employee's extra earnings due to extra hours they worked each week.
Let's say, the year starts on November 1st. So the first week of November starting Sunday and ending Saturday is Week #1 (if November 1 starts on a Friday, then Week #1 will consist of 2 days) and the year ends on October 31st.
Anyway, all employees are scheduled a total number of hours each week and are paid per hour based on the hourly rate, i.e. Week#1, Stacy's hourly rate is $15.00 and she's scheduled to work 10 hours, but for whatever reason Stacey works 12 hours. In this case Stacy worked an extra 2 hours and her extra earnings are $30.00.
Now there may be instances, where Stacy's scheduled hours may change to 15 scheduled hours per week and her hourly rate may or may not increase. So let's say, during week #2, the scheduled hours went up to 15 starting on Wednesday, and her hourly rate of pay is now $15.00 effective on Thursday. In this case I need to calculate her extra earnings using the highest hours and highest pay rate. Once this is all done. I'll sum up the total "extra earnings" for the year to find out how much her "additional earnings" were.
Let's say, the year starts on November 1st. So the first week of November starting Sunday and ending Saturday is Week #1 (if November 1 starts on a Friday, then Week #1 will consist of 2 days) and the year ends on October 31st.
Anyway, all employees are scheduled a total number of hours each week and are paid per hour based on the hourly rate, i.e. Week#1, Stacy's hourly rate is $15.00 and she's scheduled to work 10 hours, but for whatever reason Stacey works 12 hours. In this case Stacy worked an extra 2 hours and her extra earnings are $30.00.
Now there may be instances, where Stacy's scheduled hours may change to 15 scheduled hours per week and her hourly rate may or may not increase. So let's say, during week #2, the scheduled hours went up to 15 starting on Wednesday, and her hourly rate of pay is now $15.00 effective on Thursday. In this case I need to calculate her extra earnings using the highest hours and highest pay rate. Once this is all done. I'll sum up the total "extra earnings" for the year to find out how much her "additional earnings" were.