Overtime Expenses refer to the additional costs incurred by businesses for compensating employees who work beyond their standard working hours. These expenses include overtime wages, statutory benefits, and compliance-related costs, which can significantly impact a company’s labor budget. Industries like manufacturing, retail, logistics, e-commerce, and facility management services (FMS) must efficiently manage overtime expenses to maintain profitability and workforce sustainability.

For businesses handling contract workers, gig employees, apprentices, and blue-collar workforce, monitoring and optimizing overtime expenses helps in cost control, legal compliance, and workforce planning. By integrating HR technology, automated time tracking, and payroll management systems, companies can reduce unnecessary overtime costs, ensure accurate compensation, and improve overall financial efficiency.