To set up, please follow the steps below:
Please check in Housekeeping, Parameter Setup, and Pay Calculation. In Overtime Determination, edit the Maximum pay allowed to calculate HRP.
(1) 4000.00
(2) 10000.00
Click on Apply to save the changes.
Please check in Housekeeping, Table Maintenance, and the Working Hours Table. Please change:
Hours Per Day = 7.5
Hours Per Year = 2340
Click OK to save the changes.
Please check in Personnel, Add/Update Employees, Settings. Look for Overtime Setting. Choose Max Pay to calculate OT, either 4000.00 or 10000.00.
Process Pay to view the changes.
Note:
In the working hours table, working hours per day remain as 8 hours. The calculation for overtime will follow this formula instead:
Basic Rate x 12 months / Hours per year.
Hours per year will follow the new Overtime rate limit of 45 hours per week or 7.5 hours per day to a total of 2340 hours per year.
The old Overtime rate is 48 hours per week or 8.0 hours per day to a total of 2496 hours per year.