The formula to calculate the Overtime Percentage (OVP) is:
\[ OVP = \frac{OT}{TT} \times 100 \]
Where:
Overtime Percentage (OVP) is a measure of the proportion of overtime work relative to the total work time. It is calculated by dividing the total overtime work by the overall work time and then multiplying by 100. This metric is useful for understanding the extent of overtime work and managing workload and productivity.
Let's assume the following values:
Step 1: Divide the total overtime by the total work time:
\[ \frac{10}{50} = 0.2 \]
Step 2: Multiply by 100 to express as a percentage:
\[ 0.2 \times 100 = 20\% \]
Therefore, the Overtime Percentage is 20%.