Overtime Hours Tracker Template

Working extra hours is very common in many organizations. There are many reasons why people work additional hours. The most common reason is to get extra pay. At the same time, companies also have to be more active in keeping track of working hours so that they can pay them accordingly.

What is an overtime tracker?

An overtime tracker is a simple tool that is used by those who want to get assistance in managing the working hours of their employees. Usually, companies have no problem dealing with regular working hours, as many of them pay their workers a full month’s salary. So, they don’t need to count who has worked for how many hours. But, when employees have to be paid based on several hours, those hours and minutes will be considered.

Companies that are small in size usually find it easy to keep track of the extra hours. However, it is difficult for large organizations when workers work extra and want to be paid accordingly.

Overtime Hours Tracker File

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Who uses the overtime tracker?

Different stakeholders use the overtime tracker based on their needs. For instance, HR managers use the overtime tracker before calculating and processing the employee’s salary. They find this tool very useful, as it helps them track their working hours and makes them feel stress-free.

What are the uses of the extra-time tracker?

Those not using a tracker are probably unaware of its utility. If it has been created with proficiency, it tends to replace manual tracking methods that are time-consuming and prone to errors. Here are some of the main uses of this tracker:

It gives control

Companies always need strong control over working hours so that everyone works properly and gets equal hours. Controlling working hours also assists organizations in situations where companies have set a limit on how many extra hours an employee can work. So, whether the employee has crossed his limit or not will be seen with the help of this tracker.

It helps with workload management

Some companies insist employees work extra hours because they have more work and don’t want to hire a new workforce. So, they often end up overloading their workers with work. When this happens, they think of taking steps to manage the workload, which cannot be done unless you know about it. The tracker lets you monitor every person’s number of working hours and determine which person is overburdened.

It is helpful in scheduling

When there is extra work to do, there is a need to do some scheduling. The schedule gets disturbed when extra hours are added to a person’s daily schedule. These are the issues that arise when you try to schedule the employee’s work manually. But when you have a tracker, you can schedule effortlessly without assigning extra work to anyone, which they cannot do easily.

It ensures fairness

Some companies assign extra work to their workers without even considering the country’s labor laws. This often becomes hard and unfair. Many employers do not do it deliberately because they are unaware of the number of working hours until the end of the month when they must process the payroll.

The tracker helps with easy and quick payroll processing. It also reduces the company’s cost because it does not end up paying anyone extra.

Overtime tracker template

The template is created in spreadsheet software, making it easy to keep records and perform calculations as needed. You can download the template in the MS Excel file format and edit it according to your needs. You can add new details to it and remove unnecessary ones. This way, the template will follow the needs of the company.