This requires conversion into decimal form since pay rates can’t be calculated off hours and minutes. The manager needs to accurately calculate the payable amounts for each hourly employee, either by rounding off time or using actual hours. For example, in an 8 hour day, one employee might work for 7 hours and 49 minutes, while another employee works for 8 hours and 23 minutes. While not every business may keep track of employee hours, timesheet conversion is essential for companies that hire hourly employees.Įmployees don’t work perfect hours. If your organization uses military time (24 hour clock), timesheet conversion will involve converting military time into standard hours before converting it to the decimal format. Once all employee time is converted from standard hours to decimal time, the decimal time is multiplied by the respective wage rates, and taxes are subtracted to obtain the final amount. This helps companies handle the payroll process easily since all their time records follow a standard format after conversion. Timesheet conversion is the process of converting hours and minutes into decimal form.
TIME CONVERTER TO DECIMAL HOW TO
We’ll also show you how to use time tracking tools to convert hours and minutes into decimal form with ease. In this article, we’ll tell you why timesheet conversion is important and how you can convert time for the payroll process. However, many firms have trouble with accurately calculating decimal time, resulting in problems when compensating employees.
Turning standard tracked time (hours and minutes) into decimal time makes payroll calculation a lot easier for companies.
The letters are used because of the need to represent the values 10, 11, 12, 13, 14 and 15 each in one single symbol.
These are the 10 decimal digits (0, 1, 2, 3, 4, 5, 6, 7, 8, 9) and the first six letters of the English alphabet (A, B, C, D, E, F). As a base-16 numeral system, it uses 16 symbols. The hexadecimal system (shortly hex), uses the number 16 as its base (radix).