When your employees work for extra hours, you need to compensate for that time. for instance, if the standard hours is set to 8.50 hours, some days employees may be forced to work additional work, to complete the day’s work. Therefore, you need to calculate overtime, to ensure you are paying the correct amount.
Here are the steps on how to set the rate for remunerating the employees for extra hours worked.
Step1. Log on to the Timeclock 365 dashboard and tap Settings
Step2. Select “Contracts”.
Step3. Select the Employee whose overtime you want to calculate
and enter the standard working hours.
Step4. Tap on “Add overtime”, as illustrated against the
particular days you want to enter the overtime.
Step5. Enter the Extra Hours worked by the employee and
specify the rate at which the employee will be paid. For instance, if the
employee works an extra two hours, you may specify the rate as 125%. For the
next four hours, the rate can be 150%.
Step6. When you are done, tap on Save. To view the overtime, go to detailed attendance report and select the employees name, then press show