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Tiered hourly pay calculator

  1. #1
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    Tiered hourly pay calculator

    I am trying to work out how much I should get paid in gross per day.

    In the attached spreadsheet, the "Pay rates" tab shows how much I should get paid per hour, so if I did six hours it would simply be 6 x £10, if I did 13, it would (8 x 10) + (2 x 12) + (2 x 14) + (1 x 16).

    How can I portray that correct gross pay on column E of "sheet 2"?

    Any help would be greatly appreciated.
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  2. #2
    Forum Expert shg's Avatar
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    Re: Tiered hourly pay calculator

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    In E2 and copied down,

    =10 * MAX(0, MIN(8, (C2-B2)*24)) + 12 * MAX(0, ((C2-B2)*24 - 8))
    Last edited by shg; 08-05-2012 at 06:29 PM.
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    Re: Tiered hourly pay calculator

    Quote Originally Posted by shg View Post
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    In E2 and copied down,

    =10 * MAX(0, MIN(8, (C2-B2)*24)) + 12 * MAX(0, ((C2-B2)*24 - 8))
    Thanks - does your formula omit days that I would do more than 12 hrs?

    So would I need to do....

    =10 * MAX(0, MIN(8, (C2-B2)*24)) + 12 * MAX(0, ((C2-B2)*24 - 8)) + 14 * MAX(0, ((C2-B2)*24 - 10)) ??
    Last edited by m5rcc; 08-05-2012 at 06:40 PM.

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    Re: Tiered hourly pay calculator

    Or this one (see the example).

    I think i made an mistake.

    Here the example with the good result.

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    Last edited by oeldere; 08-05-2012 at 07:02 PM.
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    Forum Expert Ace_XL's Avatar
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    Re: Tiered hourly pay calculator

    Maybe..

    =SUMPRODUCT(--((C2-B2)*24>{0;8;10;12}),(C2-B2)*24-{0;8;10;12},{10;2;2;2})
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    Re: Tiered hourly pay calculator

    Quote Originally Posted by m5rcc View Post
    I am trying to work out how much I should get paid in gross per day.

    In the attached spreadsheet, the "Pay rates" tab shows how much I should get paid per hour Finance, so if I did six hours it would simply be 6 x £10, if I did 13, it would (8 x 10) + (2 x 12) + (2 x 14) + (1 x 16).

    How can I portray that correct gross pay on column E of "sheet 2"?

    Any help would be greatly appreciated.
    This might just be a maths question rather than an employment question, but I'm no good at either :o I get paid monthly, same amount each month whether it's got 28,29,30 or 31 days. My contracted times are 37.5 hours a week. I've been offered overtime at 1.75 times hourly rate - but I don't know what that is! I did think of just dividing my monthly wage by 4 (weeks) then 37.5 (hours) until I realised that there are more than 48 weeks in a year If we assume that i earn £50k a year (I so so don't!) can someone tell me what that is per hour? Or what I need to do to calculate it myself? Thank you

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    Re: Tiered hourly pay calculator

    If you are paid an annual salary: divide by 52 [weeks] than by 37,5 to get your hourly pay rate.

    So $50K = $961 per week= (approximately) $25 per hour
    If that takes care of your original question, please select Thread Tools from the menu link above and mark this thread as SOLVED.

  8. #8
    Forum Moderator Glenn Kennedy's Avatar
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    Re: Tiered hourly pay calculator

    bojef. If the answer provided is incorrect, please start your OWN thread instead of piggy-backing on an old one. (See forum rule 1).

    Thread closed.
    Glenn




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