Overtime pay is additional compensation paid to employees who work more than a certain number of hours in a workweek (or workday, in some jurisdictions). The most common overtime rate is "time and a half," meaning 1.5 times the employee's regular hourly rate. Some situations, like working on holidays or excessive overtime, might warrant "double time" (2.0 times the regular rate) or even higher rates.
This calculator helps you estimate your potential earnings by considering:
How Tiers Work: If you have multiple overtime rates (e.g., the first 8 hours of OT at 1.5x, and any OT hours beyond that at 2.0x), you can use the "Add Another Overtime Tier" button. Each tier defines a block of *additional* overtime hours and the rate for those hours. If a tier's "Up to an additional" hours field is left blank, it means all remaining overtime hours fall under that tier's rate.
Always check your employment contract and local labor regulations, as overtime rules can vary significantly.