|The U.S. Department of Labor has issued a TEMPORARY WH-347 form, we have updated CPS to include the temporary form. For more information, click here.|
Weighted-average overtime is calculated using the following 4-step mathematical equation:
An expanded example: Joe works 25 hours at $10.00/ph and 25 hours at $12.00/ph for a total of 50 hours in the workweek. 10 hours of overtime are calculated.
That's a lot of calculations for each employee, each week!