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The Overtime Calculation extension determines which kind of overtime to award an employee based on the assigned compensation rule and hours worked. illustrates the overtime policy that the overtime calculation extension delivered with Oracle Projects provides as an example for you to use as a starting point:
Kind of Overtime | ||
Compensation Rule | Pay | When to Apply |
---|---|---|
Hourly | Time and Half | First 4 hours beyond 8 per day |
Double Time | Every hour beyond 12 per day | |
Every hour on weekends | ||
Compensated | Time and Half | First 40 hours beyond 40 per week |
Double Time | Every hour beyond 80 per week | |
Exempt | Uncompensated | Every hours beyond 40 hours per week |
Table 1 - 96. Sample Overtime Policy (Page 2 of 2) |
Before you enable the Overtime Calculation extension, you need to set up your overtime project, and, if necessary, customize the Overtime Calculation extension to implement your company's overtime policy. The Overtime Calculation extension is a client extension that, if enabled, is called by the PRC: Distribute Labor Costs process.
See: Overtime Calculation Extension.
For example, a week after Pat Miller charged 52 hours to the engineering survey project, Miller submits an adjusting timecard for the previous week to charge an additional 2 hours to the survey project. The timecard clerk enters a timecard line:
Overtime adjustments that reduce the overtime hours are processed in the same way as overtime adjustments that increase the overtime hours. The original overtime item is fully reversed and a new overtime item is created to record the new overtime hours.
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