Timebank and overtime policy
Posted: Mon Jul 18, 2016 2:41 pm
Hi,
I would like to know how to modify the appropriate policy so that actual overtime hours worked (hours worked in excess of 8 hours/day) at 1.5 rate can be converted to timebank hours at 1.5 times. For example, if an employee works 2.5 over 8 hours, the time bank on the timesheet shows 2:30 but we would like it to be 2.5*1.5 = 3.75 hours deposited.
Our goal is to defer overtime payment using time bank instead of paying overtime at end of pay period. Which policy and how do I modify it to achieve this goal?
If later the employee would like to be paid for the timebank deposited hours, how do I pay out of timebank?
Thank you.
I would like to know how to modify the appropriate policy so that actual overtime hours worked (hours worked in excess of 8 hours/day) at 1.5 rate can be converted to timebank hours at 1.5 times. For example, if an employee works 2.5 over 8 hours, the time bank on the timesheet shows 2:30 but we would like it to be 2.5*1.5 = 3.75 hours deposited.
Our goal is to defer overtime payment using time bank instead of paying overtime at end of pay period. Which policy and how do I modify it to achieve this goal?
If later the employee would like to be paid for the timebank deposited hours, how do I pay out of timebank?
Thank you.