{"id":459,"date":"2025-09-01T16:51:59","date_gmt":"2025-09-01T15:51:59","guid":{"rendered":"https:\/\/www.thetrainingplace.org\/blog\/?p=459"},"modified":"2025-09-01T16:53:08","modified_gmt":"2025-09-01T15:53:08","slug":"labour-costs-overtime-premium","status":"publish","type":"post","link":"https:\/\/www.thetrainingplace.org\/blog\/2025\/09\/labour-costs-overtime-premium\/","title":{"rendered":"Labour Costs &#8211; Overtime Premium"},"content":{"rendered":"\n<p>This is the amount over and above the normal hourly rate that employees are paid for<br>overtime hours worked. It is common to be paid an enhanced rate for any overtime<br>hours worked, for example, an individual may be paid \u00a320 per hour and any overtime<br>hours worked can be paid at time and a half rate, this means that the person will get<br>\u00a330 per hour for the additional hours worked over and above the contract hours. In<br>this case, the overtime premium is \u00a310 on each additional hour worked over the<br>contract hours.<br><\/p>\n\n\n\n<p>Illustration:<br>PPL Ltd pays a time rate of \u00a315\/ 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 time<br>and a quarter. 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=\"618\" height=\"113\" src=\"https:\/\/www.thetrainingplace.org\/blog\/wp-content\/uploads\/2025\/09\/Blog.png\" alt=\"\" class=\"wp-image-460\" srcset=\"https:\/\/www.thetrainingplace.org\/blog\/wp-content\/uploads\/2025\/09\/Blog.png 618w, https:\/\/www.thetrainingplace.org\/blog\/wp-content\/uploads\/2025\/09\/Blog-300x55.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/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>This is the amount over and above the normal hourly rate that employees are paid forovertime hours worked. It is common to be paid an enhanced rate for any overtimehours worked, for example, an individual may be paid \u00a320 per hour and any overtimehours worked can be paid at time and a half rate, this &#8230; <a class=\"read-more\" href=\"https:\/\/www.thetrainingplace.org\/blog\/2025\/09\/labour-costs-overtime-premium\/\">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-459","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 - Overtime Premium - 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\/09\/labour-costs-overtime-premium\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Labour Costs - Overtime Premium - The Training Place Blog\" \/>\n<meta property=\"og:description\" content=\"This is the amount over and above the normal hourly rate that employees are paid forovertime hours worked. It is common to be paid an enhanced rate for any overtimehours worked, for example, an individual may be paid \u00a320 per hour and any overtimehours worked can be paid at time and a half rate, this ... 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