[Version 2.0] Description Of Each Column In Overtime Custom Rate (Custom Overtime Rate Explanation) on System Setting > Claim > Overtime
- Description Of Each Column In Overtime Custom Rate On System Setting > Claim > Overtime
- The following is a more detailed explanation regarding each column in Overtime Custom Rate on System Setting > Claim > Overtime:
a) Overtime Name
- This column refers to the desired Custom Overtime name. Example: Public Holiday Rate 2.0
b) Deduction Type
- This field must be filled in by HR/Admin
- If not filled in, the MySyarikat system cannot detect the correct calculation of the Overtime amount
- There are 2 types namely Percentage By Salary & RM per Hour
i. Percentage by Salary
This refers to the following formula:
- Basic OR Gross Salary / 26 days / Total working hours (8 or 7.5 hours) = y
- y multiplied by the rate set at Overtime Rate = z
- z is the amount of staff overtime
ii. RM per Hour
- This refers to the rate set at the Overtime Rate
- Example: if set to 10, the system will detect 1 hour of Overtime amounting to RM10
- If staff apply 4 hours of overtime, the system will detect the amount of overtime amounting to RM40 (RM10 x 4 hours)
c) Included Employee
- This field is also mandatory
- If this field is left blank, this Custom Overtime Rate will not be automatically assigned to any staff
- The staff names filled in this column will be affected for this Custom Overtime Rate & if they apply Overtime at any rate (Normal/Rest Day/Off Day/Public Holiday), the system will detect them for the created rate only
d) Remark
- This field is optional to be filled. Can enter any type of Remark desired
- How to Set Overtime Custom Rate (Custom Rate OT Setup) on System Setting > Claim > Overtime
- To set Overtime Custom Rate on System Setting > Claim > Overtime, HR/Admin can refer to the following tutorial link:
- How to Update Overtime Custom Rate (Custom Rate OT Update) on System Setting > Claim > Overtime
- To update Overtime Custom Rate on System Setting > Claim > Overtime, HR/Admin can refer to the following tutorial link:
- How to Exclude Staff Names in the Included Employee Column in the Overtime Custom Rate
- To exclude staff names in the Included Employee column in the Overtime Custom Rate, HR/Admin can refer to the following tutorial link:
- How To Off/Delete/Disable Overtime Custom Rate (Delete Custom Rate OT) On System Setting > Claim > Overtime
- To Off/Delete/Disable Overtime Custom Rate (Delete Custom Rate OT) in System Setting > Claim > Overtime, HR/Admin can refer to the following tutorial link:
Updated on: 07/03/2024
Thank you!