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Software upgraded to Track employee overtime cost with multiple slab pay rule

Software upgraded to Track employee overtime cost with multiple slab pay rule

Overtime represents additional costs; it might drain your bottom line if not managed correctly. Timecheck’s Employee Time & attendance management software present you an all in one solution that shoulder overtime work, shift swapping, and resource management. By installing this automated software Organizations can administer the overtime & keeping track of it without any mess-up. To Improve employee morale, performance, control OT costs etc manufacturers are investing in technologies that will accurately get authorities approval for the overtime wages.

Improvements are done consistently to the software based on user experience and specific calculation mechanism. Recent upgrade we have done to the time tracking software app is introducing the new functionality as Special OT1 and Special OT2 under Overtime and Comp-off configuration module. Based on client’s unique requirement single OT work will carry various rates, we provided three segments of overtime payment (1st 2 hrs normal OT rate, next 3hrs will be special overtime rate1 and remaining all hours will be special overtime rate2)  for employee payroll calculation.

To, resolve existing grievances and to configure weekly overtime threshold as 40 hours and maintain multiple pay rule for each overtime type Contact us.