Overview - Calculating Pay, Time and Rate Considerations

Topic

In this module, we will discuss the many factors that come into play when calculating pay.  HR professionals must be aware of the timekeeping practices that render accurate paychecks. This includes understanding accurate timekeeping practices and recording of all time worked within designated time periods.

Objectives

By the end of this module, you will be able to...

• Demonstrate general knowledge related to timekeeping and pay calculations
• Differentiate between different variables intricate to payroll
• Successfully calculate regular rates of pay, overtime rates, and other related differential and variable rates based on employees' unique work schedule.
• Be able to comply with payroll regulations in varied work environments

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ACTIVITIES

Reading: COURSE READER pp. 92 - 101; 81 - 84
Assignment: Calculating Overtime