Free contractor tool

    Overtime Cost Calculator

    True fully-burdened overtime cost per hour — and the weekly hit to margin.

    How do you calculate the true cost of overtime?

    Multiply base wage by the overtime multiplier (usually 1.5×) to get overtime wage, then apply your burden rate (taxes + comp + insurance + benefits) on top. The difference between fully-burdened overtime and fully-burdened regular time is the true premium per hour.

    Inputs

    1.5× federal minimum; 2× for double-time.

    Cost impact

    Fully-burdened OT rate

    $56.70 /hr

    +$18.90 premium vs regular ($37.80/hr)

    This week

    $567

    Premium (extra vs regular time): $189

    How this calculator works

    Regular burdened rate = wage × (1 + burden %).

    Overtime burdened rate = (wage × OT multiplier) × (1 + burden %). Payroll taxes and workers' comp apply to the higher overtime wage.

    Premium per hour = OT burdened − regular burdened. That's what every overtime hour actually costs you above what a normal hour would.

    Run the whole business on URBLD

    Estimating, contracts and e-sign, scheduling and dispatch, materials, invoicing, and follow-up — every touchpoint tied to the same job record.

    FAQ

    Frequently Asked Questions

    Straight answers about how URBLD runs the business end-to-end.