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For example suppose an employee is paid $10/hr and makes $15/hr when working overtime. If the employee worked 50 hours total, 10 of which were overtime hours, he would have $500 in regular base pay and $50 in overtime base pay:
50 hours × $10 =$500 regular base pay
10 hours × $5 (extra $ on top of regular pay) = $50 overtime base pay
Suppose the incentive plan is configured such that an employee performing between 100% and 110% receives an additional 5% of the base pay, while an employee performing between 110% and 125% receives 10%. If the employee performed at 115%, he'd receive 10% of the base pay, resulting in:
10% of $500 = $50 regular incentive pay
10% of $50 = $5 overtime incentive pay
Total incentive pay: $55
The Approve Incentive screen is used to approve or deny the incentive payout for individual employees over specific review periods.