This section of the Time Calculation Rules is where you will set up the Overtime rules. There are three types of overtime, Daily, Weekly and Bi-Weekly. Select the type(s) of overtime that are applicable to your company by clicking the appropriate check box.
Here is the Daily and Weekly Overtime Screen. A detailed description of each type of OT is provided below the image.
Does your company pay daily overtime? If so, then click in the Daily Overtime check box. Specify how the Overtime is to be calculated by entering values in the edit boxes. If you do no want to pay any overtime, leave the check box unchecked (default setting is unchecked).
examples:
If your company pays Time and a Half (1.5) for any time after 08:00hrs, Enter 08:00 in the 'After ___ Hours/Minutes box (allocate hours to 1.5).
If your company pays Double Time (2.0) for any time after 12:00hrs, Enter 12:00 in the 'After ___ Hours/Minutes box (allocate hours to 2.0).
If your company pays Triple Time (3.0) for any time after 16:00hrs, Enter 16:00 in the 'After ___ Hours/Minutes box (allocate hours to 3.0). note: this selection is seldom if ever used.
You can also specify here whether you want to include Absent time and Holiday in the Daily Overtime Calculation.
examples:
An employee on an eight hour shift is absent for two hours of that shift but works 3 hours past the shift end time. Do you want to include the two hours absent time in the OT calculation (usually not).
An employee on an eight hour shift but takes two hours vacation time out of that shift but works 3 hours past the shift end time. Do you want to include the two hours vacation time in the OT calculation (usually not).
This is useful for companies where employees must accumulate a set number of hours in a week before overtime is paid.
Does your company pay weekly overtime? If so, then click in the Weekly Overtime check box. Specify how the Overtime is to be calculated by entering values in the edit boxes. If you do no want to pay any overtime, leave the check box unchecked (default setting is unchecked).
examples:
If your company pays Time and a Half (1.5) for any time after 40:00hrs, Enter 40:00 in the 'After ___ Hours/Minutes box (allocate hours to 1.5).
If your company pays Double Time (2.0) for any time after 72:00hrs, Enter 72:00 in the 'After ___ Hours/Minutes box. (allocate hours to 2.0)
If your company pays Triple Time (3.0) for any time after 96:00, Enter 96:00 in the 'After ___ Hours/Minutes box. (allocate hours to 3.0) note: this selection is seldom if ever used.
You can also specify here whether you want to include Absent, Holiday and Daily Overtime in the Weekly Overtime Calculation.
examples:
An employee is absent for eight hours (one shift) but works some overtime on another shift, do you want to include the absent day in the OT calculation (usually not).
An employee is on holiday for eight hours (one shift) but works some overtime on another shift, do you want to include the holiday time in the OT calculation (usually not).
An employee has worked some overtime during the week, do you want to include this overtime in the Weekly OT calculation. i.e. Employee worked 34.5hrs Regular time plus 12hrs Overtime during the week. 34.5reg + 12ot = 46.5hrs total (OT kicks in at 40:00hrs).
Once the values have been entered for the Weekly OT, you must specify which day the work week begins. The overtime calculations will be based on this start day (usually Monday).
Bi-Weekly Overtime setup is the same as Weekly Overtime with the exception of the work week start day. In bi-weekly overtime, you must select an Anchor date so that the system knows where to start the overtime calculation. The anchor date is usually the start of a Pay Period.