Work
Premium share of weekly pay
The part of the pay that comes from bands above straight time, as a share of the whole. It measures how much the week depends on premium hours.
The Formula
premium share = (overtime + double time + holiday pay) / weekly pay
The part of the pay that comes from bands above straight time, as a share of the whole. It measures how much the week depends on premium hours.
| Symbol | Meaning | Unit | Notes |
|---|---|---|---|
| W_1 | Overtime pay | currency | Pay from the 1.5x band. |
| W_2 | Double-time pay | currency | Pay from the 2.0x band. |
| W_h | Holiday pay | currency | Pay from the holiday band. |
| p | Premium share | percent | Share of pay above straight time. |
What Each Symbol Means
W_1currency
Overtime pay
Pay from the 1.5x band.
W_2currency
Double-time pay
Pay from the 2.0x band.
W_hcurrency
Holiday pay
Pay from the holiday band.
ppercent
Premium share
Share of pay above straight time.
See It Worked With Real Numbers
A formula on its own does not tell you which number goes where. The how to calculate double time pay page applies this equation to a concrete case, shows every intermediate step, and names the mistakes that produce a wrong answer even when the algebra is right.
Where This Formula Appears
This equation is the working core of How To Calculate Double Time Pay, filed under Everyday Life. Every number the guide produces comes from substituting into this one line.