Creating a "Comp" Overtime Policy
The next step in setting
up comp time is to create an overtime policy which uses the comp-specific
overtime level.
Click
on the main Admin navigation tab, and then on the Overtime
link located under the Policies
section of the screen. The “Overtime Policies” screen opens.
Click
on the [ADD OVERTIME POLICY] icon located at the bottom of the screen.
The “Add Overtime Policy” screen opens.
Select
the overtime type from the drop-down menu (as in “Daily,” “Weekly,” “Daily
Average,” etc.).
Enter
a name for this overtime policy.
Select
the overtime level that has been set up to use comp time from the drop-down
menu.
Enter
the rate at which overtime hours will be awarded (as in 1.5 for “time-and-a-half,”
or 2 for “double-time”).
Enter
the rate at which comp time hours will be awarded (as in 1.5 for "time-and-a-half,"
or 2 for "double-time").
Enter
the number of hours that employees must work before they begin receiving
comp time (as in “40” for 40 hours a week, or “8” for 8 hours a day).
Click
on the [FINISH/SAVE] icon to add the overtime policy.
Note:
This option works in conjunction with the "comp time cap" setting
in the Accruals section of the program. When
an employee exceeds the maximum number of allowed comp time hours specified
by the comp time cap, any additional hours are paid out as overtime. These
overtime hours are awarded based on the "Overtime Rate" specified
in step #6.
See Enabling
the Comp Time Setting for further instructions on setting up and using
comp time caps.
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