Data Type Currency Rate (currency rate field: A type of field whose content is a rate of pay [for example, $20 per hour]. Examples include the Standard Rate and Overtime Rate fields. The maximum value allowed in this field is 999,999,999.99.)
Entry Type Entered (entered field: A field in which you may type or edit information. This is in contrast with a calculated field, in which Project calculates and enters information.)
Description The Overtime Rate field shows the rate of pay for overtime (overtime: The amount of work on an assignment that is scheduled beyond the regular working hours of an assigned resource and charged at the overtime rate. Overtime work indicates the amount of the assignment's work that is specified as overtime work.) work performed by a resource (resources: The people, equipment, and material that are used to complete tasks in a project.).
Best Uses Add the Overtime Rate field to a resource view (resource view: A view that displays resource information. Resource views include the Resource Sheet, the Resource Graph, the Resource Usage, and the resource forms views.) to enter a resource's rate of pay for overtime work directly in the sheet (sheet: A spreadsheet-like representation [in rows and columns] of task or resource information. Each row specifies an individual task or resource. Each column [field] specifies a type of information, such as start dates or standard rates.) portion of the view (view: The combination of one or more views [Gantt Chart, Resource Sheet, and so on] and if applicable, a table and a filter. Use views to work with information in a variety of formats. There are three types of views: Charts or graphs, Sheets, and Forms.). Whenever the resource reports actual overtime work, the costs (cost: The total scheduled cost for a task, resource, or assignment, or for an entire project. This is sometimes referred to as the current cost. In Project, baseline costs are usually referred to as "budget.") for this work are calculated by multiplying the actual overtime work by this overtime rate.
Example Sean has an overtime rate of $15 per hour. To make sure this cost is accurately calculated when Sean is used in your project, type 15/h in the Overtime Rate field. If you don't type a slash and time unit, hours are used.
Remarks You can enter the overtime rate for a resource in the Resource Information dialog box. You can also set a default overtime rate in the Project Options dialog box. When a new resource is created, this default overtime rate is set until you change it.
You can enter a variable overtime rate in the Resource Information dialog box. You can also specify different overtime rates for different time periods, which is helpful when a resource is scheduled to get a raise effective on a specific date. When you specify a variable rate, the rate displayed in the sheet portion of the view is for the current time period.