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OT Type is under Master.
The OT (Overtime) Type in HRPro categorizes different kinds of overtime work, such as weekday overtime, weekend overtime, and holiday overtime. Each type can have specific rules and rates associated with it, ensuring accurate calculation and compensation for the extra hours worked by employees.
The OT Type is used to specify the overtime rate for different types of overtime employees work. This information is defined in the Employee Master, Salary Info Tab.
Compensated by OT Pay
Compensated by OT Pay
You can use the User Defined Formula to define the Rate Factor. Here are the examples
150
[CurrentMonthHourlyRate]*1.5
[BasicSalary] / [DaysInMonth] / 8 * 1.5
[BasicSalary] * 13 / [DaysInYear] / 9 * 1.5
The unit of OT Rate can be either per day or per hour. If it is per day, that means whenever there is 1 minute Overtime on that day, will pay this Amount per day.
Compensated by Compensation Leave
Compensated by Compensation Leave
If the employee's Overtime Compensation is preferred by Compensation Leave, check the Enable Compensatory Time Off and leave the OT Rate Formula Blank. Then you can create the Compensation Leave Entitlements from Overtime Compensation compensated by Leave Process.
The Compensatory Time Off Rate specifies the conversion rate between overtime hours worked and compensatory time off. E.g. If the Compensatory Time Off Rate is set to 1.5 and this OT Type is assigned to OT Type (Rest Day) in Employee Master, Salary Info tab. The employee will entitled to 1.5 times the number of overtime hours as compensation leave. This Compensatory Time Off Rate works for Overtime Compensation compensated by Leave Process and the Apply Overtime Compensation (Compensated by Compensation Leave).
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