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Daily Premium (Calculation Rule)

In addition to paying overtime based of the number of hours worked, such as over 40 hours a week or 8 hours a day, some companies have Premium Days. These are days that pay a Premium Rate regardless of how many hours an employee has worked.

To set up a Premium Day simply:

• Earning Code- Select the Earning Code for that day.
• Start When- This defaults to Midnight. If your Pay day begins at 11:00 PM select Early for Start When. If you Pay Day begins after Midnight then select Late for Start When.
• Minutes- If your day starts at any time other than Midnight then select the number of minutes Early or Late your day begins. If your day begins at 11:00 PM and you selected Early for Start When then enter 60 in Minutes.

See also
General
Rates
Lunch and Break
Time Rounding
Consecutive Days OT
Overtime Progression
Accruals
Custom Conversions
Custom Calculations
Holiday Calculations
Miscellaneous









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