Cloud Payroll - How to use the overtime rounding setting in rule maintenance
Question : How to use the overtime rounding setting in rule maintenance?
Answer :
This function is used to rounding the overtime worked hours. There are three options – No Rounding, Round Up, Round Down, and 5 choices of rounding time: 5 mins, 15 mins, 30 mins, 45 mins and 1 hour.
The Calculation will be:
Total Worked Hours – Shift Working Hours = Overtime Worked Hours
Overtime Worked Hours – Excluded Overtime Worked Hours = Acceptable Overtime Worked Hours
Acceptable Overtime Worked Hours will be rounded based on your selection.
For example, the shift-in time set as 10:00 am; the shift-out time at 4:00pm with 1 hour break 1. The shift working hours will be 5 hours
Below scenario is example for calculation for overtime when rounding option is selected.
(a) OT Rounding = Round Up, and OT Rounding Time = 15 mins
Clock in at 10.36 am and clock out at 5.48 pm
Total Worked Hours = 5.48 pm – 10.36 am = 7.2 hours
Overtime Worked Hours = Total Worked Hours – Shift Working Hours
= 7.2 – 5
= 2.2
Excluded Overtime Worked Hours = Before Shift Time + Break 1 Time
= 0+ 1
= 1.0
Acceptable Overtime Worked Hours = 2.2 -1.0
= 1.2
1.2 hours will convert to mins = 1h12m
1h12m round up to 15 mins = 1h15m
Hence in attendance transaction > overtime > actual will show the 1h15m
Explanation in Attendance Transaction > Scenario
Prepared by ChenOng 230609, Azirah 230616, P230626
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