Compilation of formulas for computing premium pays...
Description
Regular Day
Wage if worked
Daily Pay + COLA
Did not work No Pay Overtime Rate or OT (Multiplied per hour of Overtime (Daily Pay ÷ 8)*1.25 rendered and Added to Wage for the day) Night Shift Differential (Added (Daily Pay ÷ 8) * 0.1 to the Wage for the Day) Overtime Night Shift Rate (Multiplied per hour of Overtime and only when OT [(Daily Pay ÷ 8)*1.25] work from 10PM to * 0.1 6AM then Added to the Wage for the Day)
Wage if Rest Day worked
(Daily Pay * 1.3) + COLA
Overtime Rate during Rest Day Night Shift Differential during Rest Day(Added to the Wage for the Day)
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