OVERTIME POLICY FORM
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Dear Friends,Can anyone provide me with the overtime policy?Regards,Poonam
It can vary based on certain legislations. Are you looking at factories or the service industry? If you are planning to launch as part of an attendance policy or something similar, it's better to check with your labor law consultant too. This seems to be useful:...
Dear Members,I am working in a company that has plants in different locations within a state (AP). The criteria for OT payments are different in each of these locations. Some are fixed rates, while some are based on salary. I request the members to inform me on ...
Dear Friend,I am working with a big Insurance Company. I just want to know:1) How should we define the wages and compensation for each task, i.e., workers, executive level, managerial level, and top management level?2) What are the basic conditions for defining ...
Dear Ramesh,If your establishment is covered by the Shops and Establishments Act of your state, you need to follow the formula prescribed under it. If it is covered by the Factories Act, you need to follow the formula provided therein. It is mandatory, and thus ...
Please go through the Factories and Establishments Act book, which is available at Koti at any bookstore. It will provide you with detailed knowledge about overtime (OT) regulations in factories and shops.Thank you.
Hi,I have some doubts about the overtime policy on Sundays. If an employee works on Sunday as overtime and the company pays him according to the overtime policy, my question is as follows: if the company pays overtime as per the norm, should they also give any w...
Hi,Overtime calculation is as follows:(Basic + DA) * 2 / 8 = Per Hour amountPer hour amount multiplied by Total HoursThank you.
As per the Wages Act, overtime in the company should not exceed more than 55 hours in a month and 115 hours in every quarter. Overtime calculations include basic pay + dearness allowance divided by the number of days in the month divided by 8 hours to get the pe...
Hello,Can anyone guide me regarding the overtime calculation of employees in a company and the format for overtime calculation?