Pay Increase Calculation

Let’s Talk Business Business Math Pay Increase Calculation

  • Post
    Thandi Pope
    Participant
    I was wondering if you might be able to help me with some math for a new proposal my friend as me to assist him with in regards to pay increases. He am proposing that his employer consider changing the current pay step increases from years of service to hours worked (because they work a ton of overtime).

    So the concept would be to convert 1 year of service (or full time employment) to equal 2080 hours. And give consideration to overtime hours worked (at a rate of 1.5 hours, not 1 hour) towards your next pay increase that occurs every 2 years or 4160 hours.

    Can you help me show the math on how this concept would work so we can work on the proposal with a more clear path?

    Although I want to help him, advertising is my expertise not math lol

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