What Is Straight-Time Pay?

Straight time pay refers to the pay a professional earns by working their standard schedules. It doesn’t include any overtime work and uses standard hourly rates for calculating earned amounts. Professionals often refer to it as one’s base salary, base rate, or billable rate.

How can you calculate straight-time pay in your business?

If you want to calculate straight-time pay to use in your payroll, you should start by tracking your staff’s time. You can do this either with spreadsheet time tracking or with an automated time tracker. You’ll then need to use the tracked time data of each of your employees to calculate their pay using their straight-time pay rates.

Why is straight time important for paying overtime?

Around many parts of the world, overtime pay involves a different pay rate than a professional’s standard rates. For example, time-and-a-half rates are commonly used in countries like the United States. This means that tracking straight-time is essential to differentiate between it and overtime hours and offer appropriate compensation for each. 

Why should you track straight-time pay with time tracking software?

Tracking straight-time pay with a high-quality time tracker like WebWork will allow you to get more accurate time data than ever. This will then enable you to pay your staff more quickly and easily. Moreover, apps like WebWork can make your payroll management work even easier with their built-in employee payroll tracking functionality.