This article provides step-by-step instructions on how to set up overtime rules in Protiv to ensure accurate calculation of overtime pay for your employees.
Overtime regulations can be as confusing as a maze, but Protiv makes it easy to set up the right rules for your company. 🗺️ Here's how:
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Access Overtime Settings:
- Log in to your Protiv account.
- On the left-hand side of your dashboard, you'll see a navigation pane with various sections. Click on the "Settings" tab. ⚙️
- Click on the "General" tab.
- Scroll down to the "Overtime Settings" section.
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Weekly Overtime:
- First Threshold: Enter the number of hours an employee must work in a week before overtime pay kicks in. This is usually 40 hours in the US, but it can vary depending on your location and industry.
- First Multiplier: Enter the overtime pay rate multiplier for hours worked beyond the first threshold. This is typically 1.5 (time and a half), but again, it can vary.
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Daily Overtime:
- Threshold: Enter the number of hours an employee must work in a day before overtime pay begins. This also varies by location.
- Multiplier: Enter the overtime pay rate multiplier for hours worked beyond the daily threshold.
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Seventh Consecutive Day Overtime:
- Enable/Disable: Toggle this option on if your company pays an additional overtime rate for employees who work seven consecutive days in a row. This is often double the regular hourly rate, but check your local laws to be sure.
Important Notes: ⚠️
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Location Matters: Overtime laws vary by state, province, or country. Make sure you're following the rules for your specific location. If you're not sure, consult with an HR professional or legal expert.
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Only Admins: Only users with admin privileges can access and change these settings.
💪🏼 Pro Tip: Keep your overtime settings up-to-date to ensure accurate payroll calculations and avoid any legal issues. 💼