Guest guest Posted December 29, 2010 Report Share Posted December 29, 2010 generally, the work year is counted as 50 weeks/2000 hours for a Full Time Equivalent... ck In a message dated 12/29/10 13:13:13 Central Standard Time, cblack@... writes: A 24/48 averages 56 hours/week. 56*52 weeks=2,912. 2,912 - 2080 (40hr week)=832 of overtime. 832*1.5 (overtime)=1,248 hours. Add the 40hr work week hours to the overtime hours 2,080 + 1,248 = 3,120. Now multiply your hourly rate by 3,120 to get your annual rate of pay (not salary). Chris ________________________________ From: texasems-l To: texasems-l Sent: Wed Dec 29 10:03:28 2010 Subject: Salary Ok group what is the formula for figuring yearly salaries for a 24 / 48 hour shift? [Non-text portions of this message have been removed] ------------------------------------ Yahoo! Groups Links Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 29, 2010 Report Share Posted December 29, 2010 Multiply the hourly rate times 3,328 and it will give you an approximate annual salary taking overtime into account. This is also assuming overtime paid at anything over 40 hours at time and a half. If overtime is on 56 hours or something different, this is not the correct one.  Tim Berry KT5EMS E-Mail: tberry766@... Cell Phone: ________________________________ To: texasems-l Sent: Wed, December 29, 2010 10:03:28 AM Subject: Salary  Ok group what is the formula for figuring yearly salaries for a 24 / 48 hour shift? Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 29, 2010 Report Share Posted December 29, 2010 Multiply the hourly rate times 3,328 and it will give you an approximate annual salary taking overtime into account. This is also assuming overtime paid at anything over 40 hours at time and a half. If overtime is on 56 hours or something different, this is not the correct one.  Tim Berry KT5EMS E-Mail: tberry766@... Cell Phone: ________________________________ To: texasems-l Sent: Wed, December 29, 2010 10:03:28 AM Subject: Salary  Ok group what is the formula for figuring yearly salaries for a 24 / 48 hour shift? Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 29, 2010 Report Share Posted December 29, 2010 Hourly rate time 3352. Sent via BlackBerry by AT&T Salary Ok group what is the formula for figuring yearly salaries for a 24 / 48 hour shift? Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 29, 2010 Report Share Posted December 29, 2010 A 24/48 averages 56 hours/week. 56*52 weeks=2,912. 2,912 - 2080 (40hr week)=832 of overtime. 832*1.5 (overtime)=1,248 hours. Add the 40hr work week hours to the overtime hours 2,080 + 1,248 = 3,120. Now multiply your hourly rate by 3,120 to get your annual rate of pay (not salary). Chris ________________________________ From: texasems-l To: texasems-l Sent: Wed Dec 29 10:03:28 2010 Subject: Salary Ok group what is the formula for figuring yearly salaries for a 24 / 48 hour shift? Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 29, 2010 Report Share Posted December 29, 2010 A 24/48 averages 56 hours/week. 56*52 weeks=2,912. 2,912 - 2080 (40hr week)=832 of overtime. 832*1.5 (overtime)=1,248 hours. Add the 40hr work week hours to the overtime hours 2,080 + 1,248 = 3,120. Now multiply your hourly rate by 3,120 to get your annual rate of pay (not salary). Chris ________________________________ From: texasems-l To: texasems-l Sent: Wed Dec 29 10:03:28 2010 Subject: Salary Ok group what is the formula for figuring yearly salaries for a 24 / 48 hour shift? Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 29, 2010 Report Share Posted December 29, 2010 Sorry! The last number is 3,328! Thanks Steve! After all those years of making the calculation, I should have that number burned in my brain! ________________________________ From: texasems-l To: texasems-l Sent: Wed Dec 29 10:03:28 2010 Subject: Salary Ok group what is the formula for figuring yearly salaries for a 24 / 48 hour shift? Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 29, 2010 Report Share Posted December 29, 2010 We use 3328 my assistant did some math above me to come up with the number. Henry Salary Ok group what is the formula for figuring yearly salaries for a 24 / 48 hour shift? Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 29, 2010 Report Share Posted December 29, 2010 We use 3328 my assistant did some math above me to come up with the number. Henry Salary Ok group what is the formula for figuring yearly salaries for a 24 / 48 hour shift? Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 29, 2010 Report Share Posted December 29, 2010 Thank you to everyone for the help Eddie > We use 3328 my assistant did some math above me to come up with the number. > > Henry > Salary > > Ok group what is the formula for figuring yearly salaries for a 24 / 48 hour shift? > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 29, 2010 Report Share Posted December 29, 2010 Thank you to everyone for the help Eddie > We use 3328 my assistant did some math above me to come up with the number. > > Henry > Salary > > Ok group what is the formula for figuring yearly salaries for a 24 / 48 hour shift? > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 30, 2010 Report Share Posted December 30, 2010 Unless you are dual certified and work for either police or fire, any hours over 40 in a work week must be paid time and a half. The 3120 or variation does not take into account overtime. In order to get an accurate $$ figure you have to compute a straight time equivelent. Contact me off line and I will be happy to forward you the calculations. In general it calculates to approximately 3640 but this varies depending on the schedule. Forrest C. Wood, Jr.. Salary Ok group what is the formula for figuring yearly salaries for a 24 / 48 hour shift? Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 30, 2010 Report Share Posted December 30, 2010 Unless you are dual certified and work for either police or fire, any hours over 40 in a work week must be paid time and a half. The 3120 or variation does not take into account overtime. In order to get an accurate $$ figure you have to compute a straight time equivelent. Contact me off line and I will be happy to forward you the calculations. In general it calculates to approximately 3640 but this varies depending on the schedule. Forrest C. Wood, Jr.. Salary Ok group what is the formula for figuring yearly salaries for a 24 / 48 hour shift? Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 30, 2010 Report Share Posted December 30, 2010 Forrest, I corrected the figure in a follow-up message. You are correct, anything over 40 should be paid as overtime. Chris ________________________________ From: texasems-l To: texasems-l Sent: Thu Dec 30 11:57:48 2010 Subject: Re: Salary Unless you are dual certified and work for either police or fire, any hours over 40 in a work week must be paid time and a half. The 3120 or variation does not take into account overtime. In order to get an accurate $$ figure you have to compute a straight time equivelent. Contact me off line and I will be happy to forward you the calculations. In general it calculates to approximately 3640 but this varies depending on the schedule. Forrest C. Wood, Jr.. Salary Ok group what is the formula for figuring yearly salaries for a 24 / 48 hour shift? Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 30, 2010 Report Share Posted December 30, 2010 Forrest, I corrected the figure in a follow-up message. You are correct, anything over 40 should be paid as overtime. Chris ________________________________ From: texasems-l To: texasems-l Sent: Thu Dec 30 11:57:48 2010 Subject: Re: Salary Unless you are dual certified and work for either police or fire, any hours over 40 in a work week must be paid time and a half. The 3120 or variation does not take into account overtime. In order to get an accurate $$ figure you have to compute a straight time equivelent. Contact me off line and I will be happy to forward you the calculations. In general it calculates to approximately 3640 but this varies depending on the schedule. Forrest C. Wood, Jr.. Salary Ok group what is the formula for figuring yearly salaries for a 24 / 48 hour shift? Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 1, 2011 Report Share Posted January 1, 2011 Forrest and I had this conversation a number of years ago. Although Forrest gave supporting documentation, I could not validate the math as a 24/48 shift rotation.  I've used 3328 RHE (Regular Hour Equivalent) for a 24/48 shift calculation, which is easy to validate. I've seen a few use a very slight variation but they could not validate the number once challenged. If a manager were trying to calculate the cost of an employee, to include the employer taxes and other expenses, a much higher number would be used.  I suspect that to be closer to the RHE number Forrest uses. I was not searching for that number so I did not attempt to validate nor invalidate. As a budget calculation, that number would be useful. gave a good formula but he has an addition error on the final equation. Britton ________________________________ To: texasems-l Sent: Thu, December 30, 2010 11:57:48 AM Subject: Re: Salary  Unless you are dual certified and work for either police or fire, any hours over 40 in a work week must be paid time and a half. The 3120 or variation does not take into account overtime. In order to get an accurate $$ figure you have to compute a straight time equivelent. Contact me off line and I will be happy to forward you the calculations. In general it calculates to approximately 3640 but this varies depending on the schedule. Forrest C. Wood, Jr.. Salary Ok group what is the formula for figuring yearly salaries for a 24 / 48 hour shift? Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 1, 2011 Report Share Posted January 1, 2011 Forrest and I had this conversation a number of years ago. Although Forrest gave supporting documentation, I could not validate the math as a 24/48 shift rotation.  I've used 3328 RHE (Regular Hour Equivalent) for a 24/48 shift calculation, which is easy to validate. I've seen a few use a very slight variation but they could not validate the number once challenged. If a manager were trying to calculate the cost of an employee, to include the employer taxes and other expenses, a much higher number would be used.  I suspect that to be closer to the RHE number Forrest uses. I was not searching for that number so I did not attempt to validate nor invalidate. As a budget calculation, that number would be useful. gave a good formula but he has an addition error on the final equation. Britton ________________________________ To: texasems-l Sent: Thu, December 30, 2010 11:57:48 AM Subject: Re: Salary  Unless you are dual certified and work for either police or fire, any hours over 40 in a work week must be paid time and a half. The 3120 or variation does not take into account overtime. In order to get an accurate $$ figure you have to compute a straight time equivelent. Contact me off line and I will be happy to forward you the calculations. In general it calculates to approximately 3640 but this varies depending on the schedule. Forrest C. Wood, Jr.. Salary Ok group what is the formula for figuring yearly salaries for a 24 / 48 hour shift? Quote Link to comment Share on other sites More sharing options...
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