Question

Why are companies moving toward the hundredth-hour system

Answer 1

Companies are moving toward the hundredth hour system as it is easy to calculate the employee wages under this system.

In the small businesses, where the employees are paid hourly rate based on hour worked, it is required to convert the time to decimal. Suppose the hourly rate is $12 per hour and an employee worked 39 hours and 21 minutes. then we need to convert 21 minutes into decimal by dividing 21 by 60 as 1 hour has 60 minutes, it will give as a result of 0.35. 39 hours is equal to 39. thus the employee worked 39.35 hour and his payroll wages will be 39.35 hours x $12 per hour = $472.20.