Patent ID: 7634432

Claim:
A method of determining compensation for an hour of work to an employee, comprising: determining, with a computing device, a base hourly wage by calculating whether payment for the hour of work is a base rate or an overtime rate, wherein the base rate is paid if the hour of work occurred during regular work hours, wherein the overtime rate is paid if the hour of work occurred during hours worked beyond a predetermined overtime threshold; and determining, with the computing device, a premium hourly wage, wherein the premium hourly wage is determined by: determining the number of minutes actually worked within the hour of work; calculating an earned hourly wage based on the number of minutes actually worked within the hour of work and a per-minute rate; and subtracting the base hourly wage from the earned hourly wage; providing the base hourly wage to the employee; and providing the premium hourly wage to the employee if a result from the subtracting the base hourly wage from the earned hourly wage is greater than zero.