Example: Employee works a total of 55 hours during the week. The employee had 40 hours of "Regular Time" (sometimes called "straight-time") and 15 hours of "Overtime."
Example: Employee works a total of 55 hours during the week. The employee had 40 hours of "Regular Time" (sometimes called "straight-time") and 15 hours of "Overtime."
Example: Employee works a total of 55 hours during the week. The employee had 40 hours of "Regular Time" (sometimes called "straight-time") and 15 hours of "Overtime."
Yes if the employee is salaried then the company does not have to pay overtime, only comp time.
Overtime for bi-monthly payroll is typically calculated based on the number of hours worked beyond the standard 40 hours in a workweek. Employers generally track hours worked for each pay period, and any hours exceeding 40 in a week are considered overtime. Overtime pay is usually calculated at 1.5 times the employee's regular hourly rate. For bi-monthly payroll, the total hours for the pay period are summed, and overtime is applied accordingly based on the weekly breakdown.
Gross pay with overtime hours is calculated by adding the regular pay for standard hours worked and the overtime pay for additional hours worked at a higher rate, typically 1.5 times the regular pay rate.
Since overtime is paid at the rate of 1.5 times the regular pay 30 minutes of overtime would be equal to 45 minutes of regular pay. 0.75 times your hourly wage.
Yes an employer can deny giving you overtime hours but if you have already worked overtime then it is not okay for an employer to deny paying overtime once the hours have already been earned.
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.
Labor laws cannot be negated by contracts. An employee cannot give up the right to overtime pay or minimum wage.
If an employee has worked overtime, the employer has NO other option but to pay it unless the employee is exempt under FLSA. If the employer is seeking to plan strategically to avoid overtime from occurring, using additional staff or creating an exempt position under FLSA are two viable options.
If overtime pay is 1 1/2, then it would be calculated like so... (hours worked) x (regular pay) x 1.5
No, under the Fair Labor Standards Act (FLSA), employees cannot legally waive their right to receive overtime pay.