In this example, we want to show you how to set up and settle projects, where your Client agreed on paying for overtime in addition to regular payments. While this example might sound difficult, with Primetric it's very easy to solve this case.
This is a hypothetical example!
John's company has acquired a project deal with Company B. Company agreed on 1 employee, who will be paid 100 €. Based on his contract, John will pay him ~50 € per hour. The project will last 3 months. The deal states, that client will pay 100 € additionally for each overtime hour
- Let's create Time & Materials project lasting 3 months.
- We will add 1 person to our project. What's important, is that we will create two assignments for our employee - one for regular work, and one for overtime (which we will give a Label - overtime).
- In the regular assignment, we will leave the default hour cost (1), and in the overtime assignment(2), we will set the hour cost that fits our company policy regarding overtime. If our client pays more for overtime hours, we will also reflect this in hour rate.
- In the overtime assignment(2), we will choose the "No utilization" option in the Utilization tab since we don't know how much overtime our employee will work.
- In the regular assignment, we will leave the default hour cost (1), and in the overtime assignment(2), we will set the hour cost that fits our company policy regarding overtime. If our client pays more for overtime hours, we will also reflect this in hour rate.
- Now we will take a look at our project's Report tab. Here we will see scheduled costs, incomes and profit.
- Now let's see how our employee will see his timesheet for logging hours. He will have two assignments - one for regular work, and one for overtime. Once he logs his time, it will be reflected in our Report.
- If we think that overtime hours logged were logged unnecessarily, we can adjust them in the Dashboard.