Systems and methods for providing employee compensation
Methods and systems of determining compensation for an hour of work to an employee are disclosed. A base hourly wage is determined based on the number of hours worked by the employee. A premium hourly wage is determined. The premium hourly wage can be determined by subtracting the base hourly wage from the earned hourly wage. The earned hourly wage can be calculated based on a number of minutes actually worked within the hour of work and a per-minute rate.
1. A method of determining compensation for an hour of work to an employee, comprising:
determining, with a computing device, a base hourly wage by calculating whether payment for the hour of work is a base rate or an overtime rate, wherein the base rate is paid if the hour of work occurred during regular work hours, wherein the overtime rate is paid if the hour of work occurred during hours worked beyond a predetermined overtime threshold; and
determining, with the computing device, a premium hourly wage, wherein the premium hourly wage is determined by:
determining the number of minutes actually worked within the hour of work;
calculating an earned hourly wage based on the number of minutes actually worked within the hour of work and a per-minute rate; and
subtracting the base hourly wage from the earned hourly wage;
providing the base hourly wage to the employee; and
providing the premium hourly wage to the employee if a result from the subtracting the base hourly wage from the earned hourly wage is greater than zero.
2. The method of claim 1 , wherein if the premium hourly wage is calculated to be less than zero, the premium hourly wage paid to the employee is zero.
3. The method of claim 1 , wherein the per-minute rate is variable upon the skill of the employee.
4. The method of claim 1 , wherein the employee is a language interpreter, and the minutes actually worked correspond to minutes in which the language interpreter is actively interpreting a conversation.
5. A system of determining compensation for an hour of work to an employee, comprising:
a computing device including:
a base wage calculation module that is configured to determine a base hourly wage by calculating whether payment for the hour of work is a base rate or an overtime rate, wherein the base wage calculation module is configured to calculate that the base rate is to be paid if the hour of work occurred during regular work hours, wherein the base wage calculation module is configured to calculate that the overtime rate is to be paid if the hour of work occurred during hours worked beyond a predetermined overtime threshold; and
a premium wage calculation module configured to determine a premium hourly wage, wherein the premium wage calculation module is configured to determine the number of minutes actually worked within the hour of work to calculate an earned hourly wage based on the number of minutes actually worked within the hour of work and a per-minute rate, the premium wage calculation module further configured to determine the premium hourly wage by subtracting the base hourly wage from the earned hourly wage, the base hourly wage being provided to the employee, the premium hourly wage being provided to the employee if a result from the subtracting the base hourly wage from the earned hourly wage is greater than zero.
6. The system of claim 5 , wherein if the premium hourly wage is calculated to be less than zero, the premium hourly wage paid to the employee is zero.
7. The system of claim 5 , wherein the per-minute rate is variable upon the skill of the employee.
8. The system of claim 5 , wherein the employee is a language interpreter, and the minutes actually worked correspond to minutes in which the language interpreter is actively interpreting a conversation.
9. A method of determining compensation for an hour of work to an employee, comprising:
determining, with a computing device, a base hourly wage based on the number of hours worked by the employee; and
determining, with a computing device, a premium hourly wage, wherein the premium hourly wage is determined by:
determining the number of minutes actually worked within the hour of work;
calculating an earned hourly wage based on the number of minutes actually worked within the hour of work and a per-minute rate;
subtracting the base hourly wage from the earned hourly wage;
providing the base hourly wage to the employee; and providing the premium hourly wage to the employee if a result from the subtracting the base hourly wage from the earned hourly wage is greater than zero.