Overtime Rate
Specify the hourly rate paid to this employee for overtime hours. This information is used to calculate the payroll for this employee whenever overtime hours are worked. Entry in this field is necessary if the employee's type is Hourly. If the employee's type is Salary or changed to Salary, this field is automatically calculated by multiplying the Reg Rate by the Overtime Factor from Payroll Parameters.
Note: If an employee
has a record in Human Resources, you must update their salary, OT and
DT rates on the Employee
Salary form and then run the Employee Salary
Update utility.