Contents
Overtime Formula Creation and Configuration
Overtime is the amount of time someone works beyond normal working hours. Goodbooks HRMS plays a critical role in helping management to track the overtime of hourly employees. Knowing exactly how many hours everyone contributes is critical to making smart choices and handling potential overtime regulation changes. Goodbooks having an efficient way to enable overtime hours to the employees depends on the requirements. Follow the below instruction for overtime formula creation and configuration. Go to Path: HRMS - Master - Employee Details - Employee Master - Salary Once the Employee Master screen is opened, click the salary tab and the OT type field will be displayed.
The overtime time field will have different types, select the required type as per the employee.
- Not applicable: Selecting this type will make the employee is not applicable for both OT payment and Comp Off.
- OT Payment only: The employee profile will be enabled for OT only, he/she can able to work overtime and receive the benefits for overtime.
- Comp Off only: The employee profile will be only applicable for compensation off and their benefits.
- OT Payment& Comp.Off: The employee profile will be applicable for both compensation and overtime benefits in the organization.
Revisions
- September 13, 2021 @ 04:21:48 [Current Revision] by arul
- September 13, 2021 @ 04:21:48 by arul
- September 13, 2021 @ 04:21:35 [Autosave] by arul
- September 13, 2021 @ 04:06:34 by arul
- June 15, 2021 @ 07:07:29 by arul
Revision Differences
| June 15, 2021 @ 07:07:29 | Current Revision | ||
|---|---|---|---|
| Content | |||
| Deleted: <b>Overtime Formula Creation and Configuration</b> | Added: <h3><b>Overtime Formula Creation and Configuration</b></h3> | ||
| Added: Overtime is the amount of time someone works beyond normal working hours. | |||
| Added: Goodbooks HRMS plays a critical role in helping management to track the overtime of hourly employees. Knowing exactly how many hours everyone contributes is critical to making smart choices and handling potential overtime regulation changes. | |||
| Added: Goodbooks having an efficient way to enable overtime hours to the employees depends on the requirements. Follow the below instruction for overtime formula creation and configuration. | |||
| Deleted: <span style="font-weight: 400;"> | Added: <span style="font-weight: 400;">Go to Path: <strong>HRMS - Master - Employee Details - Employee Master - Salary</strong></span> | ||
| Deleted: <span style="font-weight: 400;">The Overtime is configured under the above-said tab. The tab here consists of four main types, </span> | Added: Once the Employee Master screen is opened, click the salary tab and the OT type field will be displayed. | ||
| Added: | |||
| Unchanged: <a href="https:/ /help.goodbookserp.com/wp- content/uploads/2021/06/OT_ 01.png"><img class="alignnone size-full wp-image-14194" src="https:// help.goodbookserp.com/wp- content/uploads/ 2021/06/OT_01.png" alt="" width="455" height="200" /></a> | Unchanged: <a href="https:/ /help.goodbookserp.com/wp- content/uploads/2021/06/OT_ 01.png"><img class="alignnone size-full wp-image-14194" src="https:// help.goodbookserp.com/wp- content/uploads/ 2021/06/OT_01.png" alt="" width="455" height="200" /></a> | ||
| Added: The overtime time field will have different types, select the required type as per the employee. | |||
| Added: <ul> | |||
| Added: <li><strong>Not applicable</strong>: Selecting this type will make the employee is not applicable for both OT payment and Comp Off.</li> | |||
| Added: <li><strong>OT Payment only</strong>: The employee profile will be enabled for OT only, he/she can able to work overtime and receive the benefits for overtime.</li> | |||
| Added: <li><strong>Comp Off only</strong>: The employee profile will be only applicable for compensation off and their benefits.</li> | |||
| Added: <li><strong>OT Payment& Comp.Off</strong>: The employee profile will be applicable for both compensation and overtime benefits in the organization.</li> | |||
| Added: </ul> | |||
| Unchanged: <span style="font-weight: 400;">These types are used in most companies to streamline the process, like which Overtime type is configured under an employee, the employee may be staff or full time or contractual employee. Therefore for allocating the type will be created based on employability. </span> | Unchanged: <span style="font-weight: 400;">These types are used in most companies to streamline the process, like which Overtime type is configured under an employee, the employee may be staff or full time or contractual employee. Therefore for allocating the type will be created based on employability. </span> | ||
| Unchanged: <span style="font-weight: 400;">Many companies allocate the overtime to the worker's category, staff category will not come under this allocation. Because the workers are liable for the skilled portfolio in terms of production, manufacturing, construction, or labor type. They might be entitled to work for extra hours in conditions set priorly.</span> | Unchanged: <span style="font-weight: 400;">Many companies allocate the overtime to the worker's category, staff category will not come under this allocation. Because the workers are liable for the skilled portfolio in terms of production, manufacturing, construction, or labor type. They might be entitled to work for extra hours in conditions set priorly.</span> | ||
| Unchanged: <span style="font-weight: 400;">Few companies will not consider overtime with just 30 minutes, For example, a shift gets over at 8:00 PM, but if the employee has to work more than 30 minutes he will come under the Overtime allocation. </span> | Unchanged: <span style="font-weight: 400;">Few companies will not consider overtime with just 30 minutes, For example, a shift gets over at 8:00 PM, but if the employee has to work more than 30 minutes he will come under the Overtime allocation. </span> | ||
| Unchanged: <span style="font-weight: 400;">If an employee's usual shift starts at 8:00 AM in the morning, but he comes earlier at 7:00 AM, considering this earlier hour, few companies will include this under OT pay. This allocation of OT pay is mostly for the worker category, but when it comes to the regular staff of the company, either they may be given Compensatory off for working extra hours or it will not be taken into account. </span> | Unchanged: <span style="font-weight: 400;">If an employee's usual shift starts at 8:00 AM in the morning, but he comes earlier at 7:00 AM, considering this earlier hour, few companies will include this under OT pay. This allocation of OT pay is mostly for the worker category, but when it comes to the regular staff of the company, either they may be given Compensatory off for working extra hours or it will not be taken into account. </span> | ||
| Unchanged: <span style="font-weight: 400;">Certain companies, considering employees into effect, will provide OT pay even if a worker who punches earlier than the working hours and also punches late then the shift hours will be treated as Overtime worked, but the calculation of the productivity will be monitored. But this option will not be provided for regular staff. </span> | Unchanged: <span style="font-weight: 400;">Certain companies, considering employees into effect, will provide OT pay even if a worker who punches earlier than the working hours and also punches late then the shift hours will be treated as Overtime worked, but the calculation of the productivity will be monitored. But this option will not be provided for regular staff. </span> | ||
| Unchanged: <span style="font-weight: 400;">As per companies the OT creation and configuration differs.</span> | Unchanged: <span style="font-weight: 400;">As per companies the OT creation and configuration differs.</span> | ||
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