The U.S. Department of Labor's Wage and Hour Division has unveiled a new tool for helping employers and workers understand and calculate overtime pay under the Fair Labor Standards Act.
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Get Your Report Now!The department's FLSA Overtime Calculator is its latest Internet-based compliance tool. It can be accessed at http://www.dol.gov/elaws/otcalculator.htm .
The tool provides examples of how FLSA overtime should be completed under some scenarios. The Overtime Calculator advisor computes overtime pay due in a sample pay period based on information submitted by the user, such as the primary method of pay, additional compensation paid in the form of bonuses, commissions, and shift differentials, and information relating to the hours employees worked.
The calculator then totals the hours worked during the sample pay period and calculates the overtime pay due for any overtime hours worked. The tool also provides links to definitions and detailed information on overtime pay requirements.