Timesheet Calculator
Use this calculator to determine total regular hours, overtime hours, and gross pay based on daily hours worked and hourly rates. This tool helps employees and employers accurately track time and calculate earnings for a given workweek.
Daily Hours Worked
Understanding Your Timesheet
A timesheet calculator is an essential tool for both employees and employers to accurately track work hours and calculate gross pay. It simplifies the process of determining regular hours, overtime hours, and the corresponding earnings, ensuring fair compensation and compliance with labor laws.
How It Works
Our Timesheet Calculator takes your regular hourly rate, overtime hourly rate, and the standard workweek hours (typically 40 hours in many regions) as inputs. You then enter the hours worked for each day of the week. The calculator automatically sums up your daily hours, identifies any overtime, and computes your total gross pay.
Key Terms Explained:
- Regular Hourly Rate: The standard rate of pay for hours worked up to the standard workweek limit.
- Overtime Hourly Rate: The increased rate of pay for hours worked beyond the standard workweek. This is often 1.5 times (time and a half) or 2 times (double time) the regular rate, depending on local regulations and company policy.
- Standard Workweek Hours: The maximum number of hours an employee can work at their regular rate before overtime rules apply. Commonly 40 hours per week.
- Total Regular Hours: The sum of hours worked that fall within the standard workweek limit.
- Total Overtime Hours: The sum of hours worked that exceed the standard workweek limit.
- Gross Regular Pay: Earnings from regular hours worked (Regular Hours × Regular Hourly Rate).
- Gross Overtime Pay: Earnings from overtime hours worked (Overtime Hours × Overtime Hourly Rate).
- Total Gross Pay: The sum of Gross Regular Pay and Gross Overtime Pay before any deductions (taxes, benefits, etc.).
Benefits of Using a Timesheet Calculator:
- Accuracy: Reduces errors in manual calculations, ensuring employees are paid correctly.
- Efficiency: Saves time for both employees filling out timesheets and payroll departments processing them.
- Compliance: Helps businesses adhere to labor laws regarding minimum wage, overtime, and record-keeping.
- Transparency: Provides a clear breakdown of hours worked and how pay is calculated.
Example Calculation:
Let's say an employee has a regular hourly rate of $25.00 and an overtime rate of $37.50 (1.5x regular rate). The standard workweek is 40 hours. In a particular week, they worked:
- Monday: 8 hours
- Tuesday: 8 hours
- Wednesday: 8 hours
- Thursday: 9 hours
- Friday: 9 hours
- Saturday: 4 hours
- Sunday: 0 hours
Total Hours Worked: 8 + 8 + 8 + 9 + 9 + 4 + 0 = 46 hours
Regular Hours: 40 hours (up to the standard workweek limit)
Overtime Hours: 46 – 40 = 6 hours
Gross Regular Pay: 40 hours * $25.00/hour = $1000.00
Gross Overtime Pay: 6 hours * $37.50/hour = $225.00
Total Gross Pay: $1000.00 + $225.00 = $1225.00
This calculator automates these steps, providing instant and accurate results.