This article will walk you through how to create Overtime Policy.
Overtime Policy Settings:
You can create Overtime Policies by selecting New Overtime Policy and Adding New Daily Rule, Add New Weekly Rule, Add New Daily of Week Rule, and Add New Special Rule.
By Adding New Daily Rule, you will need to select a Pay Rule of 1.0x, 1.5x, and 2.0 along with setting after the number of hours an employee has worked this rule would be applied to their pay.
For example, if a New Daily Rule is set to 1.5x for an employee who has worked over 8 hours then any additional hours worked the employee's Base Pay would be 1.5x.
By Adding New Weekly Rule, you will need to select a Pay Rule of 1.0x, 1.5x, and 2.0 along with setting after the number of hours an employee has worked this rule would be applied to their pay.
For example, if a New Weekly Rule is set to 1.5x for an employee who has worked over 40 hours then any additional hours worked the employee's Base Pay would be 1.5x.
By Adding New Day of Week Rule, you will need to select a Pay Rule of 1.0x, 1.5x, and 2.0 along with setting the Day of the week an employee has worked this rule would be applied to their Base Pay.
For example, if a New Day of the Week Rule is set to Monday 1.5x for an employee who has worked Mondays then the employee's Base Pay would be
1.5x.
By Adding New Special Rule, you will have the ability to select Seven Minutes Rule and US Holidays option.
By adding Seven Minutes Rule, this will take the duration between clock-in and -out times rounded to the nearest 15 minute increment
For example, if the Seven Minutes Rule is set and a user clocks in at 3:05 pm and out of a shift at 7:11 pm, this rule will round the duration of the shift from 4 hours 6 minutes to 4 hours.
By adding Round Clock In & Out Rule, this will take the actual clock-in and clock-out times (including breaks) to the nearest 15 minute increment and then calculate duration.
For example, if the Round Clock In & Out Rule is set and a user clocks in at 3:05pm and out of a shift at 7:11 pm, this rule will change the clock in time to 3:00 pm and clock out time to 7:15 pm.
By adding US Holidays, this will automatically sync with US Federal Holiday calendar and allow you to specify pay intervals of 1.0x, 1.5x, and 2.0x employees pay rate will be multiplied if they work.
For example, if the US Holidays rule is enabled and an employee is scheduled to work Christmas December 26 with a pay rate of $20 and 1.0x rule. The employees pay rate with be calculated $20 x 1.0x for each hour they have work.