How can you automate Overtime Calculations?
1. Define your overtime rules
The software understands your overtime rules and allows you to configure different overtime rules for different groups of employees.
You may have the following or similar overtime rules:
- Beyond 8 hours of work is overtime
- Work beyond 6PM is overtime
- Work on a Holiday is special overtime to be paid at double the normal rate
- Work on a Weekend is to be paid at 1.5 times normal overtime rate
- Less than 30 minutes of extra work is not considered as Overtime
- Overtime can only be done after regular work time
- Overtime is not applicable to certain departments or employee types
- More than 2 hours of overtime is to be paid at a different rate
- Overtime at 125% on Saturdays and Overtime at 150% on Sundays
- Pay a special allowance for work on Night Shifts
2. Connect the software to Time Attendance Devices
Lenvica HRMS supports multiple Time Attendance Devices. The communication with devices is fully automated even when they are in different geographical locations. The software picks data from devices in almost real-time. Connect once, and you can forget the devices; if a device fails to communicate, the software will notify you!
Employee Self Service
A Web Portal for Employees to record Time and Attendance, check work plans, request leaves & holidays, view payslips and much more!
HR-MIS
Critical information in real-time for the Top Management
Provides a high level overview and allows drill down to the lowest level of detail
Overtime on Week off and Holiday
Lenvica HRMS can mark overtime on Week Off of Holiday as ‘Overtime on Holiday’. This allows you to pay Overtime on Holiday at a special rate.
BENEFITS
Versions
Overtime Management Software designed for Small to Large Organizations
Overtime Management Software
Designed for Small to Large Organizations
Global Overtime Management Software
Now serving customers from more than 30 countries
Frequently Asked Questions
What is overtime management software?
Overtime management software is a tool that helps organizations track, manage, and optimize employee overtime hours and pay.
Why should my business use overtime management software?
Overtime management software can streamline the process of recording, calculating, and approving overtime, leading to increased accuracy, cost control, and compliance with labor laws.
How does overtime management software work?
Overtime management software typically calculates overtime from clock in/out times from time attendance devices, which are then automatically calculated based on predefined rules. Managers can review and approve or reject overtime requests, and the software generates reports for payroll and analysis purposes.
What features should I look for in overtime management software?
Key features of overtime management software include time tracking, overtime calculations, approval workflows, scheduling and forecasting, compliance management, reporting and analytics, and integration with payroll module.
Can small businesses benefit from overtime management software?
Yes, small businesses can benefit from overtime management software as it helps them accurately track and manage overtime, control costs, and ensure compliance with labor regulations.
How can overtime management software improve accuracy?
Overtime management software reduces the chances of errors and miscalculations in recording and calculating overtime hours and pay, ensuring accurate and reliable results.
What are the benefits of using overtime management software for employees?
Overtime management software benefits employees by providing transparency in the overtime request and approval process, ensuring accurate and timely payment for overtime hours worked, and promoting fair and consistent practices.
Can overtime management software help with compliance?
Yes, overtime management software helps businesses ensure compliance with labor laws and regulations regarding overtime, breaks, and rest periods, reducing the risk of non-compliance penalties and legal issues.
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