Overtime refers to the extra hours worked by an employee beyond their regular working hours. In many countries, including Malaysia, overtime is regulated by labor laws that require employers to pay employees at a higher rate for these additional hours.
Overtime pay is typically calculated as a multiple of the employee’s regular hourly wage, with higher rates often applied for work done on weekends, public holidays, or beyond a certain number of hours in a day or week.
Why Use an Overtime Calculator?
Quick & Easy: Simply enter your hourly wage and overtime hours, and let our calculator do the rest.
Accurate Calculations: Ensure compliance with Malaysian labour laws by calculating overtime pay correctly.
User-Friendly: Designed with simplicity in mind, our calculator requires minimal input for maximum accuracy.
How to Use an Overtime Calculator?
Using our overtime calculator is quick and easy! Here’s a step-by-step guide:
Select a pay period: Choose between “Monthly” and “Daily”.
Enter your salary: Input your gross monthly salary or ordinary pay.
Input normal working hours: Specify the number of normal working hours in a day.
Enter overtime hours: Specify the number of overtime hours worked based on the different types of overtime.
Click Calculate: Click on the calculate button, and our tool will instantly provide your total overtime pay. That’s it!
PayrollPanda’s Overtime Calculator helps you stay compliant with Malaysian labour laws. Whether you’re managing payroll for a large organization or calculating your own overtime pay, our tool simplifies the process, ensuring accurate payments every time.
Accurate Overtime Calculations in Payslips
With PayrollPanda, you get more than just an overtime calculator. Rest assured that overtime pay is calculated accurately and reflected correctly in employee payslips, all while staying compliant with Malaysia’s labour laws.
Seamless Integration for Overtime Tracking
Effortlessly track and manage your team’s overtime hours by integrating PayrollPanda with Jibble. Jibble’s advanced time tracking features allow you to accurately record when employees clock in and out, including any overtime work. This data seamlessly syncs with PayrollPanda, ensuring overtime hours are accurate and ready for payroll.
Get Started Today!
Experience the ease of accurate payroll management with PayrollPanda. Use our Overtime Calculator for free and explore the full range of features available in our payroll software. Sign up today to get started – PayrollPanda is free forever for unlimited users!
FAQs
Some frequently asked questions…
Overtime can be classified into three types:
Normal Day Overtime: Work done after normal working hours on a regular workday.
Rest Day Overtime: Work done on a rest day.
Public Holiday Overtime: Work done on a public holiday.
Overtime is calculated based on the employee’s hourly rate. In Malaysia, the standard overtime rate is 1.5 times the employee’s hourly wage for any hours worked beyond the normal working hours. For work on rest days, the rate is typically 2 times the hourly wage, and for public holidays, it is 3 times the hourly wage.
Yes, there are free overtime calculators available, such as PayrollPanda’s overtime calculator. These tools allow you to quickly calculate overtime pay based on Malaysian labor laws.
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