Overtime
Overtime refers to hours worked over and above an employee's normal hours worked.
For each overtime rate, a separate Hours Type code is required. A Calculation Method to calculate the overtime loading may also be applicable and may need to be setup.
Each Hours Type code that is created for overtime, Classification of T will have to be assigned.
| Hours Type Code | Description | Factor | Classification |
|---|---|---|---|
| 02 | Overtime at time and a half | 1.5000 | T (Overtime) |
| 03 | Overtime at double time | 2.0000 | T (Overtime) |
| 04 | Overtime at double time and a half | 2.5000 | T (Overtime) |
- A record is created in the Calculation Methods window if the calculation of overtime is to include loading.
- Overtime Hours Type codes are added into the Time Entry window.
Overtime Loading at a Different Rate
Two components of overtime hours can be paid at different rates.
|
Example: For time and a half 1.5000 the normal time with a factor of 1.0 is paid at an overtime hourly rate of $8 and the half with a factor of .5000 is paid at a different overtime hourly rate of $10.00. |
To setup overtime loading, a Calculation Method will have to be setup. This record must have a Classification of T and should have a minimum of two levels of calculation.
- The first level of calculation is for overtime to be calculated at the first rate.
- The second level of calculation is for overtime to be calculated at the loading rate.
If the calculation of overtime loading is to be allocated to a particular Hours Type or Allowance/Deduction code, the following will have to be specified in the Calculation Method:
- In the Code for Loading field, specify the Hours Type or Allowance/Deduction code that overtime loading is to be allocated.
- In the Code Type field, specified if the Code for Loading is an Hours Type H or an Allowance/Deduction A.
If a Code for Loading and a Code Type is not specified, the calculated overtime is allocated to the originating code.
- The relevant Calculation Method in each employee's Other Payment Details window is specified using the Calculation Methods Overtime field.
2024