Is their Over time configuration set up for employees?

Is their Over time configuration set up for employees?

Yes
Overt time configuration is available.
In this configuration, Various OT types can be added.
Added OT types can be grouped together with OT groups.
An employee can be linked to overtime through the OT group linked to the time policy.
Navigation:
Time Settings-->Overtime-->Overtime Type
Time Settings-->Overtime-->Overtime Group
Time Settings-->Overtime-->Employee Limitation regarding OT requests)

Time Settings-->Policies-->+Add New/Update (Actions)-->Select Over Time Group-->Submit.

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