In this FAQ, we'll discuss calculating overtime costs for employees. We'll present two primary approaches: changing the contract type to "Contractor" for flexible rate editing within assignments and editing the contract for "Employee" type by raising the monthly rate for overtime costs. The choice depends on the organization's needs. Here are more detailed instructions for both options.
Solution 1: Changing the Contract Type from "Employee" to "Contractor"
- Log in to your Primetric Manager Role and go to the People tab. Find the employee to whom you want to add over time. Click on their profile and navigate to the Contracts section.
- Locate the employees you want to add overtime and change their contract type from Employee to Contractor.
- After changing the contract type, you can create assignments for these employees and add overtime hours. Make sure the assignments are labeled as "overtime."
- When creating or editing assignments, adjust the employee's hourly rate according to the overtime cost.
- Remember that employees must accurately log their working hours for the system to calculate the actual cost.
Solution 2: Adding a new contract for an "Employee"
- Log in to your Primetric Manager Role and go to the People tab. Find the employee to whom you want to add over time. Click on their profile and navigate to the Contracts section.
- Add a new contract for one month, specifying the amount of remuneration, including the overtime rate.
Both of these solutions enable you to account for overtime costs. The choice between them depends on the organization's preferences and the needs of the employees. Just so you know, the first solution requires precise time tracking, while the second solution includes the cost adjustment at the contract.