{"id":7673,"date":"2021-07-08T16:48:32","date_gmt":"2021-07-08T08:48:32","guid":{"rendered":"https:\/\/www.workstem.com\/?p=7673"},"modified":"2024-11-05T15:12:15","modified_gmt":"2024-11-05T07:12:15","slug":"ot-payroll-calculation","status":"publish","type":"post","link":"https:\/\/www.workstem.com\/hk\/en\/blog\/ot-payroll-calculation\/","title":{"rendered":"How Do Labour-Intensive Enterprises Easily Handle Overtime (OT) Calculation and Salary Payment\uff1f"},"content":{"rendered":"<div class='post-index' id='post-index'><a href='###' id='post-index-close'><i class='fa fa-list'><\/i><\/a>\r\n\t\t\t\t<h3 class='post-index-title'>Chapter catalogue<\/h3>\r\n\t\t\t\t<div class='post-index-inner' id='post-index-inner'>\r\n\t\t\t\t<ol class='post-index-list'><li class=\"post-index-item\" data-tt=\"title-idx-0\" ><a href=\"###\"title=\"Are thousands of employees\u2019 overtime working hours still being manually typed in EXCEL?\">Are thousands of employees\u2019 overtime working hours still being manually typed in EXCEL?<\/a><\/li><li class=\"post-index-item\" data-tt=\"title-idx-1\" ><a href=\"###\"title=\"Still fighting over OT allowance? Take a look at the professional system calculation results!\">Still fighting over OT allowance? Take a look at the professional system calculation results!<\/a><\/li><li class=\"post-index-item\" data-tt=\"title-idx-2\" ><a href=\"###\"title=\"The pain points of the OT approval process have finally been resolved\">The pain points of the OT approval process have finally been resolved<\/a><\/li><li class=\"post-index-item\" data-tt=\"title-idx-3\" ><a href=\"###\"title=\"Great recommendation! Workstem improves payroll efficiency.\">Great recommendation! Workstem improves payroll efficiency.<\/a><\/li><\/ol>\r\n\t\t\t<\/div><\/div>\r\n\t\t\t<script>\r\n\t\t\t$(function(){\r\n\t\t\t\tvar contIdxHeight = $('#post-index-inner').height()+20;\r\n\t\t\t\t$('#post-index-inner').css('height',contIdxHeight+'px');\r\n\t\t\t\t$('#post-index-close').on('click',function(){\r\n\t\t\t\t\tif($('#post-index-inner').height()>20) {\r\n\t\t\t\t\t\t$('#post-index-inner').css('height',0);\r\n\t\t\t\t\t\t$('#post-index-inner').css('padding-top',0);\r\n\t\t\t\t\t} else {\r\n\t\t\t\t\t\t$('#post-index-inner').css('height',contIdxHeight+'px');\r\n\t\t\t\t\t\t$('#post-index-inner').css('padding-top','20px');\r\n\t\t\t\t\t}\r\n\t\t\t\t});\r\n\t\t\t\t$('.post-index-item').on('click',function(){\r\n\t\t\t\t\tvar tt=$(this).data('tt');\r\n\t\t\t\t\tscrollPosition(document.getElementById(tt));\r\n\t\t\t\t});\r\n\t\t\t});\t\r\n\t\t\t<\/script><div class='post-content-full'><p>OT(overtime) has become the norm in the retail, catering services, construction and insurance industries. According to the \u201cGeneral Household Survey Quarterly Report\u201d recently released by the Census and Statistics Department, the average working hours per week of Hong Kong people are 44 hours, and the working hours per week of the retail, accommodation and catering services industries are up to 48 hours. With the improvement of labour law step by step, the normal calculation of employees\u2019 overtime (OT) and salary payment are especially important to reduce labour disputes and maximize profits.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-19918 aligncenter\" src=\"https:\/\/www.workstem.com\/wp-content\/uploads\/2021\/07\/consumption-voucher-scheme-min.jpg\" alt=\"consumption voucher\" width=\"790\" height=\"588\" srcset=\"https:\/\/www.workstem.com\/wp-content\/uploads\/2021\/07\/consumption-voucher-scheme-min.jpg 803w, https:\/\/www.workstem.com\/wp-content\/uploads\/2021\/07\/consumption-voucher-scheme-min-300x223.jpg 300w, https:\/\/www.workstem.com\/wp-content\/uploads\/2021\/07\/consumption-voucher-scheme-min-768x572.jpg 768w, https:\/\/www.workstem.com\/wp-content\/uploads\/2021\/07\/consumption-voucher-scheme-min-624x465.jpg 624w\" sizes=\"auto, (max-width: 790px) 100vw, 790px\" \/><\/p>\n<p>As the economy, led by the catering industry, starts to recover with the launch of the government\u2019s market support scheme, the government has announced that the HK$5,000 electronic consumer coupons proposed in the Budget will be available for registration from July 4th to August 14th to stimulate the public\u2019s willingness to spend, and the money will be transferred through the local economy to promote economic recovery. Moreover, in response to Chief Executive Carrie Lam\u2019s recent mention of Vaccine Bubble, Tai Hing Group Chairman Chan Wing-on said that under this policy \u201c\u2026Restaurants can accommodate 6 to 8 people to a table and operate until midnight, which is good for the catering industry.\u201d<\/p>\n<p>Does this mean a further surge in the need for labour-intensive employment under the further promotion of the policy? For the problems you are considering, Workstem will give you a good method!<\/p>\n<h2 id=\"title-idx-0\" class=\"icon-anchor\">Are thousands of employees\u2019 overtime working hours still being manually typed in EXCEL?<\/h2>\n<h3>\u300cAutomation and convenience of data collection\u300d<\/h3>\n<p>Restaurants being busy is the norm in the industry during legal holidays and weekends. No matter what style of catering, OT is a common phenomenon. In most cases, though, restaurant workers don\u2019t count OT, functional departments often complain about that. For example, especially in the peak season of the mobile catering industry, HR often needs extra time after work to recruit employees, deal with the salary payment of current and former employees, and calculate the working hours of staff in other functional departments and staff in HR department. Therefore, 2 or 3 overtime working hours are very frequent. Then how did the catering enterprise simplify the collection of man-hour data and salary payment caused by OT without manual intervention?<\/p>\n<p>After using Workstem, when functional department employees apply for overtime, there will no longer be a cumbersome application process. When you finally finish working overtime, you just need to tap the app on your phone to complete the application, instead of text or email. Then, Workstem will automatically approve whether it is reasonable OT, so as to replace the traditional manual data input excel form, and easily complete the application!<\/p>\n<p>For such positions with frequent OT, employers can use the <span style=\"color: #3366ff\"><a style=\"color: #3366ff\" href=\"https:\/\/www.workstem.com\/hk\/\" target=\"_blank\" rel=\"noopener\">intelligent human resource management system \u2013 Workstem<\/a><\/span> to not only easily eliminate the cumbersome approval process, but also carry out intelligent system audits. Moreover, the data will be automatically entered into the salary calculation formula, reducing the cost of human resources positions and unnecessary labour disputes caused by salary payment.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-19922 aligncenter\" src=\"https:\/\/www.workstem.com\/wp-content\/uploads\/2021\/07\/OT-english-1-1536x911-min.jpg\" alt=\"OT application\" width=\"790\" height=\"469\" srcset=\"https:\/\/www.workstem.com\/wp-content\/uploads\/2021\/07\/OT-english-1-1536x911-min.jpg 1536w, https:\/\/www.workstem.com\/wp-content\/uploads\/2021\/07\/OT-english-1-1536x911-min-300x178.jpg 300w, https:\/\/www.workstem.com\/wp-content\/uploads\/2021\/07\/OT-english-1-1536x911-min-1024x607.jpg 1024w, https:\/\/www.workstem.com\/wp-content\/uploads\/2021\/07\/OT-english-1-1536x911-min-768x456.jpg 768w, https:\/\/www.workstem.com\/wp-content\/uploads\/2021\/07\/OT-english-1-1536x911-min-624x370.jpg 624w\" sizes=\"auto, (max-width: 790px) 100vw, 790px\" \/><\/p>\n<p>It was reported earlier that the current government has no intention of introducing contract or standard working hours legislation. Instead, it has drawn up working hours guidelines for 11 industries, including catering, hospitality, tourism, retail and logistics. However, Hong Kong people are well-known to work long hours. According to a survey, the average working hours of Hong Kong people exceed 50 hours per week, 38% more than the global average. In some types of work, the working hours are 60 hours or more. Marketing is one of the industries that is not included in the 11 industries, but often works overtime.<\/p>\n<h2 id=\"title-idx-1\" class=\"icon-anchor\">Still fighting over OT allowance? Take a look at the professional system calculation results!<\/h2>\n<h3>\u300cThe simplification of OT allowance calculation process and the accuracy of the result\u300d<\/h3>\n<p>The rise of e-commerce has changed the ecology and consumption pattern of the retail industry, but it also brings huge problems to HR. Ms. X works in the marketing department of a cross-border trading company. (It is not convenient for her to reveal her real name) She said frankly that there is no off-duty time in the marketing industry. Usually, when she returned to the company in the morning, she would have a meeting to communicate with different departments and deal with project implementation problems. If the customer service colleague receives the activity inquiry, he will be informed of the situation by WhatsApp at any time. She added, \u201cDesigners usually work during the day, so we don\u2019t receive art work until 6 or 7 o \u2018clock, and then we have to follow up. If you don\u2019t read or reply to WhatsApp, the boss expects you to update the next day.\u201d Therefore, overtime work has become a normal situation. Not only is the process of submitting overtime work cumbersome, but the statistics and settlement of OT allowance also gives HR a headache. However, our intelligent HRMS system \u2013 Workstem makes the OT submission and approval process more convenient, simplifies the process of salary calculation, and increases the accuracy of <span style=\"color: #3366ff\"><a style=\"color: #3366ff\" href=\"https:\/\/www.workstem.com\/hk\/product\/payroll\/\" target=\"_blank\" rel=\"noopener\">OT allowance calculation<\/a><\/span>. What are you waiting for?<\/p>\n<h2 id=\"title-idx-2\" class=\"icon-anchor\">The pain points of the OT approval process have finally been resolved<\/h2>\n<h3>\u300cVisualization, Freedom and Convenience of Process Configuration\u300d<\/h3>\n<p>A cross-border trading company has many departments. For example, there are three groups A, B, and C under the marketing department. When an employee in group A applies for holiday or overtime, he\/she needs to go to the group leader for approval, then to the marketing manager, and then to HR for approval. Although the team leader, manager and HR all know the application content, it is a headache for the employees! In addition, in the days when employees work overtime intensively, managers and HR have to approve a large number of applications, which takes time and energy and affects their own work efficiency. However, easy and fast layers of approval are also possible! As long as different levels of approvers are set through the intelligent HR system, employees can easily apply, and HR and department managers can quickly approve! It also helps solve the \u201cfour multiples\u201d of the enterprise OT approval process: multiple scenarios, multiple roles, multiple rules, and multiple problems.<\/p>\n<p>In some established large enterprises, its unique human resource management system has been formed. This shows the importance of HR system in business. But for the developing start-ups, choose us and rest assured to focus on your career. For human resources issues, we\u2019ve got you covered!<\/p>\n<p>The examples enumerated in this article are a microcosm of similar headaches encountered in the industry. Managing overtime is the first step to reducing unnecessary property costs and maintaining the employer-employee relationship.<\/p>\n<h2 id=\"title-idx-3\" class=\"icon-anchor\">Great recommendation! Workstem improves payroll efficiency.<\/h2>\n<p><span style=\"color: #3366ff\"><a style=\"color: #3366ff\" href=\"https:\/\/www.workstem.com\/hk\/en\/\" target=\"_blank\" rel=\"noopener\">Workstem one-stop human resources management system<\/a><\/span> Support automatic obtain the number of remaining annual leave days when an employee resigns, customize the calculation method of annual leave pay, ADW calculation, settlement time, etc., and use the powerful AI calculation engine to calculate according to the annual leave pay calculation formula, and automatically compare salary data , ensure that the calculation of annual leave pay complies with company policies and standards, and pays out efficiently.<\/p>\n<p>In addition to calculating annual leave pay, the Workstem system can also provides a full range of solutions to help your\u00a0 business management of other HR processes, such as<span style=\"color: #3366ff\"><a style=\"color: #3366ff\" href=\"https:\/\/www.workstem.com\/hk\/en\/product\/rostering\/\" target=\"_blank\" rel=\"noopener\"> Rostering<\/a><\/span>\u3001<span style=\"color: #3366ff\"><a style=\"color: #3366ff\" href=\"https:\/\/www.workstem.com\/hk\/en\/product\/attendance-management\/\" target=\"_blank\" rel=\"noopener\">Attendance<\/a><\/span>\u3001<span style=\"color: #3366ff\"><a style=\"color: #3366ff\" href=\"https:\/\/www.workstem.com\/hk\/en\/product\/leave\/\" target=\"_blank\" rel=\"noopener\">Leave<\/a><\/span>, MPF and <span style=\"color: #3366ff\"><a style=\"color: #3366ff\" href=\"https:\/\/www.workstem.com\/hk\/en\/product\/tax-reporting\/\" target=\"_blank\" rel=\"noopener\">tax<\/a><\/span> return management, etc., help you can truly realize digital transformation and improve management efficiency and employee satisfaction.<\/p>\n<p><i><span style=\"font-weight: 400\">Read More:<\/span><\/i><\/p>\n<p><a href=\"https:\/\/www.workstem.com\/hk\/en\/blog\/retail-industry-long-service-payment-calculation\/\"><i><span style=\"font-weight: 400\">How to Efficiently Handle Payroll with Complex Long Service Payment in Retail?<\/span><\/i><\/a><\/p>\n<p><a href=\"https:\/\/www.workstem.com\/hk\/en\/blog\/retail-industry-long-service-payment-calculation\/\"><i><span style=\"font-weight: 400\">How to Efficiently Handle Payroll with Complex Transportation Allowance in F&amp;B?<\/span><\/i><\/a><\/p>\n<p><a href=\"https:\/\/www.workstem.com\/hk\/en\/blog\/pet-hospital-incentive-bonus-calculations\/\"><i><span style=\"font-weight: 400\">How to Calculate Diverse Bonus Methods for Quick Payroll Processing?<\/span><\/i><\/a><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Chapter catalogue Are thousands of employees\u2019 overtime working hours still being manually typed in EXCEL?Still fighting over OT allowance? Take a look at the professional system calculation results!The pain points of the OT approval process have finally been resolvedGreat recommendation! Workstem improves payroll efficiency. OT(overtime) has become the norm in the retail, catering services, construction&#8230;<\/p>\n","protected":false},"author":5,"featured_media":19924,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[272],"tags":[468,457,463,466],"class_list":["post-7673","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-all-en","tag-attendance","tag-payroll","tag-466"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How Do Labour-Intensive Enterprises Easily Handle Overtime (OT) Calculation and Salary Payment\uff1f - Workstem<\/title>\n<meta name=\"description\" content=\"The calculation of employees\u2019 overtime and salary payment are especially important to reduce labour disputes and maximie profits.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.workstem.com\/hk\/en\/blog\/ot-payroll-calculation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Do Labour-Intensive Enterprises Easily Handle Overtime (OT) Calculation and Salary Payment\uff1f - 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