How to Calculate Weekly Overtime
To set the overtime rate on a weekly basis, follow the steps below:
Step 1. Log on to the Timeclock 365 dashboard and tap Settings
Step 2. Select “Contracts”
Step 3. Enter the standard working hours
Step 4. Select “Weekly Overtime”
Step 5. Enter the standard weekly working hours and specify the rates for extra hours worked.
For instance, you may say for the first five extra hours, the employees is paid at 125%, the next five hours the employee are paid at 200%.
Step 6. When you are done, click Save.
To view the calculated overtime, go to “Detailed attendance” and select the employees name, and hit “show”. The full record will appear on the screen and the overtime will be shown in a Overtime column.