[Version 3.0] Explanation of Each Field in the Custom Overtime Claim Rate on System Setting (Custom Overtime Rate)

• Below is a more detailed explanation of each field in the Custom Overtime Claim Rate on System Setting > Claim > Overtime:

a) Overtime Name

• This field refers to the desired Custom Overtime name. Example: Overtime 2.5 Custom

b) Deduction Type

• This field must be filled by HR/Admin
• If not filled, the MySyarikat system cannot calculate the correct Overtime amount
• There are two types: 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 on the Overtime Rate = z
• z is the Overtime amount for the employee

ii. RM per Hour

• This refers to the rate set on the Overtime Rate
• Example: if set to 10, the system will calculate 1 hour of Overtime as RM10
• If the employee applies for 4 hours of Overtime, the system will calculate the Overtime amount as RM40 (RM10 x 4 hours)

c) Included Employee

• This field must also be filled
• If this field is left empty, this Custom Overtime Rate will not be auto assigned to any employee
• The names of employees filled in this field will be affected by this Custom Overtime Rate, and if they apply for Overtime at any rate (Normal/Rest Day/Off Day/Public Holiday), the system will calculate them only for the created rate

d) Remark

• This field is optional. Any type of remark can be entered as desired

Updated on: 24/07/2025