Dear Gurus,
I am in a bit of a fix; I have a scenario at hand, Client wants to get employees paid for the over time performed on the following basis:
For Supervisors and senior associates:
Overtime Performed on Normal day / Saturday
OT Factor : (Months/(Working days in a year * working hours in a day)) *2
OT Factor: (12/(261*8))*2 = 0.01107
OT Calculation: Gross * OT Factor * OT Hours
i.e., 10,000 * 0.01107 * 8 = 885.60 Rupees
Overtime Performed on Sunday / Govt. Holiday / Gazetted Holiday
OT Factor : (Months/(Working days in a year * working hours in a day)) *2
OT Factor: (12/(261*8))*2 = 0.01107
OT Calculation: Gross * OT Factor * OT Hours * 1.5
i.e., 10,000 * 0.01107 * (8 * 1.5) = 1328.40 Rupees
Now payment for half an hour will be deducted from that day and instead of 12 hours (i.e., 8*1.5) payment of 11.5 hours will be made in this case which amounts to 1273.05 PKR
For Executive cadres:
OT Payment = 125 * Number of hours
For Assistant Managers:
OT Payment = 175 * Number of hours
For Deputy Managers:
Payment for 8 hours = 1400 PKR
Payment for 4 hours = 700 PKR
Now he can either avail a compensatory leave or the OT payment.
I would appreciate if someone can look into the scenario and tell me how to deal with it