Overtime policy template
Value bundles that include this:
Guidance to managers of employees who are contractually eligible to receive overtime payments.
This policy has three parts: an 'overview' that explains what it's about, 'scope' which details who it applies to, and 'general principles' that list the main rules it follows.
Why this policy is necessary
This Overtime policy template aims to offer you a versatile and customisable tool, serving as a solid foundation for your needs. Utilise it to ensure consistency, enhance accuracy, and save valuable time.
Adapt it to suit your unique requirements, ensuring efficiency and effectiveness in your HR processes.
Specifications
5 mins
237 words, 1 page A4
1 October 2024
Overtime
Overview
The purpose of this policy is to provide guidance to managers of employees who are contractually eligible to receive overtime payments on the operation of overtime.
Scope
This policy is applicable to all employees of [company name].
General principles
Definition of overtime
Overtime is defined as any hours worked by an employee within a one week period that exceed the employees normal contracted hours and which have been worked with the agreement of their line manager to meet particular circumstances.
Authorisation
All overtime working must be authorised as far in advance as possible, by the relevant line manager, before a staff member begins working. The line manager must confirm the rate of pay/time off arrangements to which the staff member is entitled, before the overtime work is completed.
Standard payment rates
Management discretion may be used to pay a higher rate than those listed below, depending on the need/circumstance. This must be approved by a Director.
Additional time worked above contracted hours (FT or PT) on a contracted working weekday = [Time and 1/3]
Additional time worked above contracted hours (FT or PT) on non-contracted working weekday or Saturday = [Time and 1/2]
Additional time worked above contracted hours (FT or PT) on a Sunday = [Double time]
Public holiday if not contracted to work = [Double time plus day in lieu]
Public holiday if contracted to work = [Single time plus day in lieu]
This policy [does not] form[s] part of your terms and conditions of employment.
Version: [1.0]
Issue date: [date]
Author: [name, job title]