Blended Hourly Rate Calculator. This results in an average rate of $171 per hour. This results in a blended rate of $47.00 per hour.
The blended rate should then be applied only to the “and a half” portion of time and a half. The overtime pay would consist of 10.5 hours at 1.5 times the regular rate for the office work, plus two hours. For example, if the compensation package has an hourly.
For example, if a teacher's assistant works 10 hours each week in the. Assuming the project duration is 10 months, estimate the cumulative number of hours expected to be spent by all personnel. Overtime rate + actual rate = blended overtime rate.
Say the project takes 10 hours. Calculate the base rate for your employee (if. The overtime pay would consist of 10.5 hours at 1.5 times the regular rate for the office work, plus two hours.
The earned overtime amount is calculated using the following formula: Take the total amount of hours (48) and subtract 40 hours to get the amount of overtime owed = 8 hours weekly overtime. Determine the blended rate by taking the total amount of wages (.
The total would still be 12.5 hours, but there would be two regular rates involved. For this example, assume that an employee normally earns $10 an hour working at trade shows, but receives a premium flat rate. For example, if the compensation package has an hourly.
It is a means by which both consultants and project managers. Compute the total weekly salary. In the consulting services industry, the $ blended rate is increasingly gaining popularity.
Comments
Post a Comment