How to setup Penalty & Overtime?

How to setup Penalty & Overtime?


Introduction

Learn how to manage Penalty & Overtime policies effortlessly in SalaryBox. Let's explore each feature step by step.



Step 1: Early Leaving Policy


Navigate to 'Penalty & Overtime' under the 'My Team' option. Select the employee's name to set up the Early Leaving Policy.


Define the Fine Type as Daily or Hourly, set the Grace Period (minutes) for late arrivals, specify the Fine Amount, and designate the number of days exempt from penalties for late arrivals.


Once configured, save your settings to apply the Early Leaving Policy.



Step 2: Late Coming Policy


Similar to the Early Leaving Policy, the Late Coming Policy penalizes employees for tardiness according to their schedule.


Set the Fine Type, Grace Period (minutes), Fine Amount, and exempt days for late arrivals.


Save your settings to activate the Late Coming Policy.



Step 3: Overtime Policy


Now, let's dive into the Overtime Policy. This feature simplifies payment for extra working hours beyond the designated shift.


Configure the Grace Period (minutes) for unpaid overtime, and specify the Extra Hours Pay rate, Public Holiday Pay, and Week Off Pay if applicable.


Save your settings to enable the Overtime Policy.




    • Related Articles

    • How to setup the Payroll?

      Introduction Salary is a fixed amount of money or compensation paid to an employee by an employer in return for the work performed. Payroll involves the administration of financial records for employees' salaries, including base pay, overtime, ...

    • How to setup the Employee's Salary?

      Introduction With SalaryBox, establishing the salary cycle is straightforward. Moreover, configuring salary heads, including adding various allowances, defining employer contribution categories, and specifying deduction categories, is now efficiently ...

    • How to setup the Shift(s)?

      Marking the attendance of staff is made simple with our streamlined process and useful customizations. Let's review each step to ensure the highest traceability and accuracy in attendance. 1) Shifts Setup We are introducing our revolutionary shift ...

    • How to setup Leave Balances, Policy, and Holidays?

      Click on ‘My Team’ and under that, you will find ‘Leave Balances & Policy’. Let’s set up the leave policy first. Click on > ‘Leave Policy’ and further click on > ‘Update Leave Policy’. Under this, you will find two different options under Select ...

    • Welcome to SalaryBox

      Welcome to SalaryBox, your ultimate solution for hassle-free staff and payroll management. Manage employee attendance, payroll, leaves, and more in a blink of an eye. SalaryBox Introduction SalaryBox is revolutionizing staff management for MSMEs with ...