Is overtime pay part of the basic pay?
There are several differences between gross salary and basic salary. Basic salary is the agreed upon rate of pay discussed between employer and employee which does not include overtime or any other forms of extra compensation. Gross salary is the salary paid before taxes that include overtime pay, holiday pay, and shift differentials if applicable.
Overtime rate is 1.5. Overtime pay is standard pay (per hour) x number of overtime hours x 1.5. Overtime pay rate is then the standard pay (hourly wage) x 1.5. Example: If an employee has an 8-hour working period per day, with standard pay is $10.00 per hour, and 2 hours of overtime (for a total of 10 hours in a single day), then the overtime pay calculates to $30.00. The overtime pay is in…
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 on what you work out with your employer. If you are self-employed, you are likely to get paid by the job rather than by the hour, though you can work out the payment with the customer. If you are employed by a company, they are probably going to pay by the hour, in which case the overtime laws for the state will specify what overtime is and what they have to pay…
In the State of Illinois, overtime is not paid to the employee until they have worked 40 hours. This does not inlcude holiday pay. Overtime is based on hours actually worked during a given work week. Holiday pay for a day when an employee does not work is not included in the 40 hours for purposes of overtime calculation.
Yes he can provided that you are a a commission or contract. a regular employee can refuse overtime and can be asked to leave early but the he will get pay for the time. An employer is typically permitted to schedule employees so as to manage, minimize and avoid having to pay overtime wages. This would include changing an employees scheduled hours. If a non-exempt employee works overtime, they must then be paid time and…
Can an employer make an employee pay for overtime work incurred to another employee who worked overtime for covering the employee's shift?
If your employer charges overtime rates for you should you be entitled to the overtime pay or just for hours worked over 40?
(In the US) It's immaterial WHAT your employer charges their clients for your services. As for your being eligible to earn overtime pay after working 40 hours in one week - you would have to check the wording of the Fair labor Standards Act (FLSA) to determine if your job or position fell under the category that can earn overtime.