Calculating Overtime Earnings
Two earning elements exist for overtime:
OT1.5 calculation rule is used to pay time-and-a-half.
OT FIX calculation rule is used to pay a fixed amount of 200 HKD.
The overtime rate is 1.5 times the standard hourly rate.
The OT1.5 calculation rule is Unit × Rate × Percent:
Unit is the number of overtime hours at the payee level.
Rate is the system variable HOURLY RT.
Percent is 150.
Example
If an employee worked 7.5 overtime hours and the standard hourly rate is 400 HKD, the overtime payment is calculated as:
7.5 × 1.5 × 400 = 4500
Employees who work overtime and leave the office after 21:00 hours are paid a fixed amount of 200 HKD.
The OT FIX calculation rule is Unit × Rate:
Unit is the number of days that the employee worked overtime and left after 21:00 hours, determined at the payee level.
Rate is a fixed numeric value of 200 HKD.
Example
If an employee worked three days overtime and left the office after 21:00, the overtime payment is calculated as:
3 × 200 = 600
Enter unit amounts for overtime earnings using positive input. In Hong Kong, the overtime payment for the previous month might be paid in the current month. When the pay date is a few days before the pay period end date, the overtime hours between the pay date and pay period end date are unknown. Consequently, when overtime earnings for a previous month are paid in the current period, the system treats it as retroactive pay.