{"id":456,"date":"2025-08-22T11:26:35","date_gmt":"2025-08-22T10:26:35","guid":{"rendered":"https:\/\/www.thetrainingplace.org\/blog\/?p=456"},"modified":"2025-08-22T11:26:37","modified_gmt":"2025-08-22T10:26:37","slug":"labour-costs-time-related-pay","status":"publish","type":"post","link":"https:\/\/www.thetrainingplace.org\/blog\/2025\/08\/labour-costs-time-related-pay\/","title":{"rendered":"Labour Costs &#8211; Time Related Pay"},"content":{"rendered":"\n<p>Employees paid under a time related pay method are paid for the hours that they<br>spend at work regardless if the amount of production and output that they achieve<br>within that time. Time related pay employees can be split into salaried employees<br>who may be paid monthly or weekly for a specified number of hours per week or<br>hourly rate employees who are paid a set hourly rate for each hour of work.<\/p>\n\n\n\n<p>Where salaried employees work for more than the standard or contracted hours for the<br>week, then employment agreement may specify an overtime payment arrangement to<br>be paid for the additional hours worked by an employee.<\/p>\n\n\n\n<p>Illustration:<br>Sinha Ltd pays a time rate of \u00a312\/ hr to its direct labour for a standard 35 hour week.<br>Any of the labour force working in excess of 35 hours is paid an overtime rate of \u00a315<br>per hour. Calculate the gross wage per week for the workers.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"634\" height=\"115\" src=\"https:\/\/www.thetrainingplace.org\/blog\/wp-content\/uploads\/2025\/08\/Blog.png\" alt=\"\" class=\"wp-image-457\" srcset=\"https:\/\/www.thetrainingplace.org\/blog\/wp-content\/uploads\/2025\/08\/Blog.png 634w, https:\/\/www.thetrainingplace.org\/blog\/wp-content\/uploads\/2025\/08\/Blog-300x54.png 300w\" sizes=\"auto, (max-width: 634px) 100vw, 634px\" \/><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.thetrainingplace.org\/aat-level-2\">AAT Level 1 &amp; 2 | The Training Place<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Employees paid under a time related pay method are paid for the hours that theyspend at work regardless if the amount of production and output that they achievewithin that time. Time related pay employees can be split into salaried employeeswho may be paid monthly or weekly for a specified number of hours per week orhourly &#8230; <a class=\"read-more\" href=\"https:\/\/www.thetrainingplace.org\/blog\/2025\/08\/labour-costs-time-related-pay\/\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20,21,26],"tags":[],"class_list":["post-456","post","type-post","status-publish","format-standard","hentry","category-aat","category-level-2","category-principles-of-costing"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Labour Costs - Time Related Pay - The Training Place Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thetrainingplace.org\/blog\/2025\/08\/labour-costs-time-related-pay\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Labour Costs - Time Related Pay - The Training Place Blog\" \/>\n<meta property=\"og:description\" content=\"Employees paid under a time related pay method are paid for the hours that theyspend at work regardless if the amount of production and output that they achievewithin that time. Time related pay employees can be split into salaried employeeswho may be paid monthly or weekly for a specified number of hours per week orhourly ... 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