Excel Sheet Template in Excel

Going beyond our work schedule is a situation we want to escape, no matter how beneficial it is to the business. However, it’s often inevitable. And when that time comes, employees deserve to be paid more than their basic pay. To track down the weekly and monthly overtime rendered by your employees, we have something you’ll need. Here’s a bunch of our printable Ready-Made Overtime Sheet Templates in Microsoft Excel you can browse through. They are downloadable onto your computer and compatible with most devices in various Excel versions. These templates have suggestive content in excel spreadsheets that you can customize. Get one now and conveniently create your timesheet!

How to Create an Overtime Sheet in Templates in Excel

The U.S. Fair Labor Standards Act (FLSA) sets standards in managing the maximum number of work hours, and the maximum allowed work hours for overtime. When you enable overtime work to your employees, it creates production, labor costs, and wage effects in your company. That's why it's critical to develop a timesheet so you can calculate the overtime rendered by your employees.

Keep on reading this article to know how you can create an overtime sheet that will help you organize and manage your employee’s overtime pay.

1. Use Excel Software

In excel, you can easily create a spreadsheet for your timesheet. It's ideal for this kind of document because you only need to decide the number of cells and what information you want to add in into those cells. After which, you can convert your file to other formats like PDF or Word if you need to.

2. Type in the Employee’s Name

List down all your employees so you can identify who rendered overtime. You only need to search for the employee in your system and put in the hours they worked outside their contractual work hours.

3. Specify the Time

It's crucial to specify the contractual working hours so you can determine the number of hours that each employee rendered as overtime.

4. Add Employee Rate

Your employee rate will be the determining factor on the overtime pay you'll provide to your employee. You should be accurate with your computations as this can create misunderstanding and demotivate your employees should a mistake happen.

5. Make It Flexible

Because you might be adding more information in your overtime spreadsheet, making it adjustable will surely give you the convenience you desire. You can add a blank spreadsheet where you can fill in details about your employees' overtime work hours.