Hi everyone,
I'm looking for some help generating a formula and am not sure where to start, or what type of formula I need.
I've used Smartsheet to build a budgeting template for my team. Within the budget, we have pre-set labor rates ("base pay") that are listed by position. In my labor rate column, we also have rates for time-and-half and double-time.
Is there a way to auto-calculate the 1.5x and 2x pay, based on the crew position's base pay? The caveat here is that all positions are listed in the same column, and all labor rates are listed in the same column.
For example:
If my base pay for Production Assistant is $300 (hypothetically row 4), I want row 5 (time-and-1/2) to populate $450 and row 6 (double time) to populate $600. If I change the base rate to $250, then the 1.5x and 2x rates would change based on the base pay.
We may add or delete row labor positions in the sheet, so I can't tie these formulas to a specific cell - it would need to be some time if lookup based on the labor position and base pay.
Thanks!