General Hr, Mysap Erp Hcm,hays Job Evaluation,
Assistant Engineer, Indian Telephone Industries,
Hr. Khaiser Ali Shah
Hr - Consultant / Generalist
Human Resources, Sap - Hr
Jagdish Sai Ram
Asst Manager - Hr
As per my opinion you can calculate the overtime amt by fixing a certain amt for per hour of extra work & multiply the amt with no. hours of extra work performed which would ultimately give you the Overtime amt earned by an employee. For ex XYZ works for 5hrs extra & let us suppose that we have fixed an amt of 100 rupees per hour for the overtime work so the amt that XYZ would be eligible would be 100*5 = 500Rs.
Mr.Tiwari is right OT should be paid double the wages ;
when calculating hourly wage we should not take 9,10 hours we should only take 8 hours because in Factories act it has been stated that working hours should be 8 hours including all intervals.
And importantly we should not allow an employee to work overtime above 48 hours in 3 months