Are you tired of spending precious time manually calculating overtime hours and payments? Look no further! In this article, I’ll reveal the best overtime calculation formula that will revolutionize your workflow in Google Sheets.
Say Goodbye to Manual Calculations
Before we dive into the formula, let’s understand the importance of calculating overtime accurately. When an employee works beyond their regular working hours, they deserve to be compensated fairly. However, figuring out the exact overtime hours and payments can be a headache.
The Best Overtime Calculation Formula in Google Sheets
I’m about to share with you a formula that will make overtime calculations a breeze. Brace yourself, because this formula is a game-changer!
=MOD(overtime end time - overtime start time,1)This elegant formula works seamlessly in both 12 and 24-hour formats. It even takes into account overtime work that spans across different days, making it perfect for those late-night sessions.
Let me illustrate this with an example. Imagine you have two employees with different overtime start and end times. Using the formula, you can easily calculate their overtime hours. The formula is as follows:
=mod(C3-B3,1)In the above example, cell D3 will display the calculated overtime hours. For instance, if the result is 4:30:00, it means the employee worked for 4 hours and 30 minutes beyond their regular hours.
Calculating Overtime Amount from Time Duration
Once you have the overtime hours, calculating the overtime amount is a piece of cake. All you need is the hourly overtime rate. You can use the following formulas to get the job done:
=D3*24*OT_RATEAlternatively, you can nest the formula within the MOD formula itself, like this:
=mod(C3-B3,1)*24*OT_RATEWith these formulas at your disposal, you can bid farewell to the days of manual calculations and say hello to accurate and efficient overtime calculations.
Spread the Word
If you find this formula as mind-blowing as we do, don’t keep it to yourself! Share this article with your friends and colleagues who could benefit from it. And don’t forget to check out Crawlan.com for more valuable tips and tricks for Google Sheets.
Happy overtime calculating!
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- How to Deduct Lunch Break Time From Total Hours in Google Sheets.
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- Google Sheets: Split Night Shift Job Hours into Two Columns.
- Payroll Hours Time Calculation in Google Sheets Using Time Functions.
