Counter Rate Multipliers

Modified on Thu, 4 May, 2023 at 5:10 PM

What are Rate Multipliers?

When employers need to pay their employees more (or less) than their normal hourly rate, they will commonly use rate multipliers to adjust the pay rate. Rate multipliers multiply the employee's rate by a percentage in decimal format.

If the rate should be increased by 50% the rate multiplier would be set for 1.5. For example, Beth makes $10 per hour but worked 4 hours of overtime which has a multiplier rate of 1.5, which would adjust her overtime rate to $15 per hour.

Counter Rate Multiplier

Allows users to apply a multiplier to each Rate Table per Counter. This multiplier is applied when companies want to export rate information, view rates in employee timesheets, and run reports on rates.

The Counter Rate Multiplier does NOT affect the rates synced to the Payroll product. The Payroll Earning Code Rate Multiplier must be used for rates being synced from Time to Payroll.