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Hourly Premium
The hourly premium is an amount of money paid to the employee (as a percentage % of the salary received, or as an amount $) when the employee works a position, on days and at times that you will specify. This is compensatory compensation that the ...
Cumulative premium
Cumulative premium definition The cumulative premium is specific to the number of hours and the type of employee timesheet. A cumulative premium is based on a cumulative. When an employee works more than 'X' hours in a 'Y' period, the hours exceeding ...
Fix cumulative premium
This premium is a fixed amount of money that is added to the employee's total pay if the conditions are met. It can be programmed to be paid after a certain number of hours. It will apply once according to the defined period. Example: A flat-rate ...
Daily premium vs Weekly premium: Watch out for duplicates
If you have programmed a daily premium as well as a weekly premium for your employees, be sure not to pay your employees in duplicate for the overtime worked. Example: The employee works 8:00 am on Thursday, then 41 hours in his week in total. The ...
Overtime cumulative premium
This premium applies for each hour that exceeds the defined period. This is usually a percentage. Example: Each additional hour after 8 hours of daily work will be added an additional cumulative premium of 3$. If the worker works 2 hours more he ...