Overtime refers to the additional hours that stretch beyond the regular working period of an employee. It is considered an effective solution for round-the-clock workforce requirements, especially in the manufacturing, automobile, and garment industries in India. Companies often find it economical to build in an overtime workforce rather than invest in new recruitment, training, and benefits. However, managing overtime workforce can be enormously strenuous and overwhelming.
Efficiently managing overtime while preparing for the future can help avoid unpleasant surprises, reduce unnecessary expenses, and saves the organization from legal penalties. A professionally controlled overtime management brings in an enhanced work environment and improves employee morale.
GreytHR has introduced a comprehensive Overtime Management Module as part of the Attendance Module. This module helps companies configure their overtime policies to suit their business requirement.
greytHR's Overtime Management Module comes at no additional cost. It is a part of our existing Attendance module to ensure that we cover it all.
In different countries, several statutes regulate overtime based on whether the establishment is a factory, mine, automobile, shop, or establishment. Further, overtime is paid differently in different industries, and the statutory rules and regulations also vary from state to state. greytHR's comprehensive Overtime Module ensures that you are compliant and saves you from unwarranted penalties.
This overtime Module gives you're the flexibility to set your overtime policy that suits your business requirement. Once the policy is configured and assigned to employees, the module will automatically calculate the wages and process the Overtime payout amounts with accuracy.
Admin can assign OT to individual and group of employees daily or monthly in just a few clicks.
Be transparent with employees and get significant insights by downloading real-time reports. Overtime reports help businesses measure the effectiveness of the attendance policies and customize accordingly. These reports provide actual data, and references can be the basis for companies to improve policies.
Get Overtime details for better insights
Overtime register gives you complete information about- Overtime work hours done for a selected month, Overtime hours paid, and the total number of arrears and reversals. It also shows the details of employees who have worked overtime for the chosen period.
Download the reports to share it with the management and Govt. Authorities when required.
This payroll integrated feature generates exclusive overtime payslips with Overtime breakups for employees.
Managing Overtime has always been a challenging task for organizations. greytHR’s Overtime Management offers you a cost-effective, time-saving, statutory compliant, Payroll integrated feature as a part of the Attendance Module. Experience complete control over your overtime expenditure with greytHR Now.