CALCULATION OF FACTORED BASE PAY RATE Sample Clauses

CALCULATION OF FACTORED BASE PAY RATE. The previously implemented 42-hour work week required payment for 172 hours every four- (4) week period calculated as follows: 20 days at straight time = 8 hours x 20 days = 160 hours 1 scheduled overtime day = 8 hours x 1.5 = 12 hours Total 172 hours The 12-hour shift schedule requires payment for 196 hours every four-week period calculated as follows: 14 days at 8 hours straight time = 14 days x 8 hours = 112 hours 14 days at 4 hours at time and one-half = 14 days x 4 hours x 1.5 = 84 hours Total 196 hours In order to maintain labor costs and employee earnings at approximately the same as the current 42-hour work week level, the 12-hour shift schedule "adjusted base rate" must be 87.76% of the straight time base rate calculated as follows: Hours paid for a four- (4) week period under the current 42-hour work week schedule divided by hours paid for a four- (4) week period under the 12-hour shift schedule = 172 / 196 = .8776
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