Follow these steps to have Kronos (UKG) calculate weighted overtime for the company who uses only the payroll module.
In this example, the employee earns the following:
$14.25 / Hr Base Comp
$25.00 / Hr for Catering (Cost Center)
When editing PST, the Admin enters E/D (earning/deduction code) and Hours as normal:
Regular Pay > 40 hours > No Cost Center Specified
Overtime Base > 5 hours > No Cost Center Specified
Regular Pay > 40 hours > Catering (Cost Center)
Overtime Base > 1 hour > Catering (Cost Center)
When the Admin then enters the Overtime Premium E/D, using the same OT hours indicated in Overtime Base, the system calculates the Average Premium OT Rate of Pay accordingly.
How did the system calculate $19.375 as the Average Premium OT Rate?
Total of Regular & Overtime Base Wages ($1666.25) / Total Regular & Overtime Base Hours (86.00) = $19.375 Average Premium OT Rate