Gambia | How do I calculate Overtime?

Gambia | How do I calculate Overtime?

The Overtime component uses the below factors to calculate:
  1. Overtime Income
  2. Overtime Factor
  3. Hours captured
  4. Advised Amount
  5. Employee Hours Per Period
The formula is structured as:

(((Overtime Income / Employee Hours Per Period) * Hours captured) * Overtime Factor) + Advised Amount

We have added the function to edit the Income Base which will allow the user to structure the calculation based on certain incomes.

      
            


      
    • Related Articles

    • Gambia Product User Guide

      To aid our users in the understanding and application of compliance in Gambia, PaySpace has released an external Product User Guide. This is a "How to guide" to follow during country implementations, company maintenance and for support queries.
    • How is overtime calculated on PaySpace?

      This feature is available on all PaySpace editions. Overtime on PaySpace is calculated according to the formula displayed on the overtime component shown on the Payroll Components screen. Navigate > Configuration > Payroll > Payroll Config > Payroll ...
    • How do I configure the Overtime component?

      This feature is available on all Deel Local Payroll powered by payspace editions The Overtime component has to be configured on company level before adding it to an employee. Step 1: Search for and create the required Overtime component. Navigate > ...
    • How do I set up leave in lieu of overtime?

      This feature is available on all Deel Local Payroll powered by payspace payroll editions A Pre-defined Formula can be applied to convert overtime hours processed on an employee’s record into leave. Make use of the following steps to configure Leave ...
    • Which report can be downloaded to view the overtime hours that were processed?

      These reports are available on the Premier and Master editions. The Component Costing Hours and/or Component Posted Units reports can be generated to view the Overtime hours that were captured. Component Posted Units Navigate > Reports > Reports > ...