Overtime is the amount of time someone works beyond normal working hours. Overtime, or time worked beyond a specified number of hours in a week by hourly, non-exempt employees, can wreak havoc on the operating budget of a small business. Pay for any hours worked as overtime are paid at a higher rate than regular hours. While there may be times when overtime is necessary and cost-effective, overtime pay can begin to drain your bottom line if not managed correctly. Advance planning and scheduling can help reduce the need for employees to work in excess of their scheduled hours. Proactively managing your employees’ overtime, avoiding surprises and preparing for the future can reduce your expense, protect your company from financial crisis, and improve morale company wide. Overtime Management Software play critical role in helping management to track overtime of hourly employees. Knowing exactly how many hours everyone contributes is critical to making smart choices and handling pot...
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