How to configure multiple overtime earnings and associate to an employee?

Here’s how you can create a component of custom formaula type.

Go to Settings on the left sidebar and select Salary Components.
Click Add Component and select Earning.
Select the Earning Type as Overtime Allowance. .
Enter the name of the earning which will be displayed on payslips.
Select the Variable Pay Type.
Select Custom Formula as the Calculation Type and enter the formula.
Check Mark this as Active option.
Click Save.

Similarly, you can create mutiple overtime earnings and associate it to employees.

To associate overtime allowance to employees:

Go to Pay Runs.
Select the employee.
Click the dropdown next to Add LOP.
Select the overtime allowance.
Click Save.