By federal law, salaried employees are not required to get overtime pay. Your company may offer bonuses or incentives though.
That depends entirely upon your actual salary. When you start working overtime (that means anything beyond your regular 40 hours per week), then your employer is expected to start giving you overtime pay. Generally, overtime pay is simply your regular salary multiplied by 1.5. An example: Regular salary: $20/hour 20 x 1.5 = 30 Overtime pay: $30/hour of overtime.
That depends entirely upon your actual salary. When you start working overtime (that means anything beyond your regular 40 hours per week), then your employer is expected to start giving you overtime pay. Generally, overtime pay is simply your regular salary multiplied by 1.5. An example: Regular salary: $20/hour 20 x 1.5 = 30 Overtime pay: $30/hour of overtime.
Basic annual salary, not including overtime, even if the overtime is part of your regular pay or contract. It doesinclude locality pay if you are a Federal employee.
yes, any overtime is included in gross salary
nope ... it's a salary job ... you don't get paid by the hour ...
Unfortunately if your position has a set salary and you are not a hourly paid employee than you are not entitled to being paid for overtime, even in the state of Colorado.
Most electrical technicians do not get a salary, they are payed by the hour (which also means time and a half and double time pay for overtime hours when they are necessary).
yes they do make some money but can be used as donating your time to help.
A salary employee means that you are paid a yearly salary, not an hourly or weekly salary. Although you may be paid weekly or bi-monthly, etc, the amount is a prorated per payday. A salary employee, in most cases, does not get paid overtime, although they may be required, or even expected to do overtime.
It depends on the level of experience. Below is a pretty accurate pay scale. >1 year 63K 1-3 yrs 75K 3-5 yrs 85k 5-10 yrs 95k 10+ yrs $110,000 This does not include their overtime pay. Most nurses double their salary with overtime pay. Hope this helps.
Generally no. A person who is correctly identified as exempt from the overtime provisions of the Fair Labor Standards Act (FLSA) does not have to be paid overtime regardless of the number of hours worked.
Employees on a yearly salary are exempt from overtime laws.