Using Microsoft Excel, you can track your employee's wages using a formula. The most important formulas involve total hours worked, regular time hours worked, overtime hours worked and overtime pay.

As a spreadsheet software program, Microsoft Excel has many useful features for a small business's productivity. Chief among these is the ability to use formulas to make various calculations with the ...

Overtime pay is the additional pay an employee receives for working beyond their regular hours in a work week, usually beyond 40 hours. This additional pay is typically calculated as one and a half ...

If an hourly employee works beyond 40 hours in a week, they are entitled to overtime pay. However, if that employee performs different roles at different pay rates, you may have to use a “blended rate ...