Hi, Can anyone explain how we calculate the payment of over time as per Factories Act 1948 and what are the deduction to be made on over time. kindly give me the details please. Regards. Paulraj
From India, New Delhi
5From India, New Delhi
Over Time is required to be paid under S. 59 of the factories Act and it is calculated at double the ordinary rate of wages .
Wages means basic wages and allowances which worker is entitled to including the cash equivalent of the advantage accruing through the concessional sale to workers of food grains and other articles but not bonus.
p m aptel
From India, Mumbai
Wages means basic wages and allowances which worker is entitled to including the cash equivalent of the advantage accruing through the concessional sale to workers of food grains and other articles but not bonus.
p m aptel
From India, Mumbai
Consider a major thing about overtime.
If any employee do work on 26th Jan, 15th Aug, on such Public holidays employer has to give 3 times wages than normal.
Many people does not know about that, but we have to keep watch on such things.
Regards
Prashant patil
From India, Nagpur
If any employee do work on 26th Jan, 15th Aug, on such Public holidays employer has to give 3 times wages than normal.
Many people does not know about that, but we have to keep watch on such things.
Regards
Prashant patil
From India, Nagpur
Hi, Paulraj
What the overtime paid In our co, you may reference this.
Overtime Work
I. General Policy
Generally speaking, the Company authority is not encouraging employees to perform overtime work in normal condition. But there are always some unpredictable matters happened to interrupt our business operation such as materials shortage or machine shut-down or Engineering Change. To meet operational schedules or maintenance requirement, the company could request an employee to work in excess of the normal dally work period with overtime payment.
II. Overtime Payment
Non-exempt employees are eligible for requesting overtime payment. The hourly rate of overtime payment is in accordance with the Provisions in the Labor Standards Law. Exempt employees are only eligible for requesting compensation leave after they performed overtime work.
Non-exempt employees who are required to perform work in excess of the regular working hours a day shoud be granted overtime pay at the hourly rate of pay plus one third times two hours overtime work or at the hourly rate of pay plus two thirds times the number of such hours worked for the second two hours or at the hourly rate pay plus twice times the number of such hours worked after the first four hours.
III. Procedure
Overtime work must be approved by Department Manager or supervisor by the slip of " Request For Overtime" on beforehand. HR Department is responsible for checking the overtime records showed on the Time Cards/Time Records in computer, calculating the overtime payment which employees earned and put the amount into the monthly payroll at the end of each month.
John Chiang
From China, Shanghai
What the overtime paid In our co, you may reference this.
Overtime Work
I. General Policy
Generally speaking, the Company authority is not encouraging employees to perform overtime work in normal condition. But there are always some unpredictable matters happened to interrupt our business operation such as materials shortage or machine shut-down or Engineering Change. To meet operational schedules or maintenance requirement, the company could request an employee to work in excess of the normal dally work period with overtime payment.
II. Overtime Payment
Non-exempt employees are eligible for requesting overtime payment. The hourly rate of overtime payment is in accordance with the Provisions in the Labor Standards Law. Exempt employees are only eligible for requesting compensation leave after they performed overtime work.
Non-exempt employees who are required to perform work in excess of the regular working hours a day shoud be granted overtime pay at the hourly rate of pay plus one third times two hours overtime work or at the hourly rate of pay plus two thirds times the number of such hours worked for the second two hours or at the hourly rate pay plus twice times the number of such hours worked after the first four hours.
III. Procedure
Overtime work must be approved by Department Manager or supervisor by the slip of " Request For Overtime" on beforehand. HR Department is responsible for checking the overtime records showed on the Time Cards/Time Records in computer, calculating the overtime payment which employees earned and put the amount into the monthly payroll at the end of each month.
John Chiang
From China, Shanghai
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