Overtime Calculations

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Basic Overtime Calculations 

1. Click Edit to go to edit mode.

2. Enter OT hours for the appropriate rate.

3. Click on “Calc OT”. This will calculate OT only. This for you to preview the OT amount before running the full calculation.

4. Result will appear as Total Amount

5. Finally click “Calc Full Month”. This will give the final payslip amount.

Notes : 

  1. The Daily rate and hourly rate are based on Basic / 26.
  2. The default for all staff can be edited in the default screen.
  3. Individual daily and hourly rates can changed in the personal info screen.

hourlyrate

Normal Rate 

This is a special option for daily and hourly rated workers. Entering any value here will calculate the basic pay based on the number of hours work. The basic pay will be replaced by “hourly rate” x “no. of hours”.

Overtime Rate Options

  1. 1.5 Normal day overitme
  2. 2.0 Rest day overtime exceeding 8 hours
  3. 3.0 Public Holiday overtime exceeding 8 hours.

Please note rate for Rest days and Public  Holidays for Monthly or Weekly rated employee.

Rest day :  he shall be paid for any period of work which does not exceed half his normal hours of work, wages equivalent to half the ordinary rate of pay for work done on that day; or (ii) which is more than half but which does not exceed his normal hours of work, one day’s wages at the ordinary rate of pay for work done on that day.

Public Holiday :  be paid two days’ wages at the ordinary rate of pay regardless that the period of work done on that day is less than the normal hours of work.

OT Days

Based on the above definition of rest day and public holiday rates, this field should be used for work carried out on rest days and public holidays. The total will be “daily rate” x “no. of days”.

Note :

  1. For one rest day, enter 1.0 as 1.0 has already been paid in monthly wages.
  2. For public holiday, enter 2.0 as 1.0 has already been paid in monthly wages.
  3. Based on the employment act, even a 10 minute work on a rest day should be paid half day wages. Similarly for public holiday, full day wages.

Deductions

  1. Hours Deduct : Deduct “hours” x 1.0
  2. Days Deduct : Deduct based on formula “daily rate” = basic pay / 26
  3. Prorated Days : Deduct based on formula “daily rate” = basic pay / no. of days in month. (This option will be available in April 2016 Update)

 

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