Sample Example of Overtime Wages Allowance Calculation / Employee Work Hours Payroll Calculator Excel Timesheet spreadsheet as per company HR Rules & Policy in India with Formula
Normally Companies don't pay overtime wages to its Management Staffs but for contract labors & employees working under shifts ( in manufacturing companies), company has to pay overtime wages. Companies overtime wages may vary from 1.5 -2.5 times of the normal allowance of the workers.
Specially in manufacturing companies its the prime responsibility of HR department to keep a close eye on worker in & out time for overtime calculation. Here I have prepared an excel sheet for keeping track on workers' overtime payment calculation. you can download this useful tool from below link. Feel free to comment your queries.
Free Download Overtime 2007 Excel Template
Normally Companies don't pay overtime wages to its Management Staffs but for contract labors & employees working under shifts ( in manufacturing companies), company has to pay overtime wages. Companies overtime wages may vary from 1.5 -2.5 times of the normal allowance of the workers.
Specially in manufacturing companies its the prime responsibility of HR department to keep a close eye on worker in & out time for overtime calculation. Here I have prepared an excel sheet for keeping track on workers' overtime payment calculation. you can download this useful tool from below link. Feel free to comment your queries.
Free Download Overtime 2007 Excel Template
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