What is Overtime?

Overtime is simply the extra time put at the office or office operations away from work hours. The hours that an employee has been in the office for more than the scheduled or fixed working hours are classified as overtime. This has relations to the amount that one is being paid within an organization. The overtime rate may vary. Time and a half and double time are computed in this manner. When a working schedule of the employee goes beyond the 48 working hours in one week or even more than 9 hours in one working day, then it is said that he is doing overtime of the schedule weekly and daily; then, of course, he should be paid for the same or by any means of payment on double the ordinary working wage.

What is Overtime Wages?

Overtime wages apply to workers who are paid by the hour for the work they do for the company, be it any kind of labor for a manufacturing company. When they work more hours than they are entitled to, the payment they receive is overtime wages for the excess hours. By law, it is usually twice the normal payment applied.

What is Overtime Policy?

An overtime policy documents all that pertains to the company''s policy on overtime. It starts by mentioning the purpose of the policy and then the hours of work and when you would be eligible to claim your overtime. After that, depending on whether you are using payroll management software, the approval flow would be mentioned accordingly. The company may also mention the overtime payment limit and more.

Can Salaried Employees Claim Overtime Pay?

Yes, salaried employees can claim overtime, but first, there are some steps that need to be checked in their policy or get in touch with HR to know if the company has defined the number of hours overtime can be claimed for or the number of extra hours beyond which overtime can be claimed by employees.

How Can HRMantra Help?

The overtime calculation process becomes fully automated by HRMantra with an attendance and payroll management software application. With only a few questions answered, you can set the overtime policy as per your ongoing policy or updated best practices suggested by HRMantra.

Employees can read more about the policy in HRMantra HR handbook. Then, employees can request overtime payments which trigger the approval flow set by them. At payroll processing, our payroll software will include it in the employee''s salary for the month, approved for payment.