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OT Calculation setup with Field premium
Can someone help me with setup on OT Pay calculation , when hourly employees, that are eligible for field premium.
Currently we have system working like this:
Regular rate say $10/hr.
Employee enters hours in OTL, 55 hrs. OTL splits the hours to 40/hrs week as regular hours and 15 hrs as overtime with pay factor 1.5.
so : regular earnings: 10*40 =400
OT : 15*10*1.5 = 225
Field Premium : say 1000
Gross earnings : 1625
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New calculation:
Regular earnings: 10*40 = 400
field premium : 1000
New rate for overtime: 400+1000+150/55 hrs = 28.18
OT : (15*10) + (15 *.5*28.8) = 150 + 216 = 366( OT hrs* regular rate) + (OT hrs * .5 percent premium * new OT Rate)
gross earnings: 1766
How can I setup something to calculate the New rate for overtime in Oracle. This employees are in biweekly payroll. New OT rate should consider their weekly earnings too get their new rate - shouldn't consider complete biweekly earnings to calculate new OT rate.