Time and a half simply means that in addition to the employee’s standard hourly rate, they will get paid an additional one and a half of that rate for each extra hour worked.
This concept is used to calculate the overtime pay.
Formula to calculate time and a half.
Example:
An employee in Company A earns $10 hourly during a 40-hour work week. Determine her time and a half hourly rate.
Therefore, her time and a half hourly rate is $15.
