Company Schedule - default schedule for all employees under the company and this will be the reference if company doesn't have any Department or Individual Schedule.
Department Schedule - default schedule of a certain department and all employees under the Department. This will be the 1st priority of employee's schedule if he/she does not have any individual schedule.
Individual Schedule - default schedule of an employee and this will be the priority in terms of computation if there are existing Department and/or Company schedules.
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