overtime
(noun)
The rate of pay, usually higher, for work done outside of or in addition to regular hours.
Examples of overtime in the following topics:
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Fair Labor Standards Act
- Those who are nonexempt are paid overtime.
- Police officers, fire fighters, paramedics, and other first responders are also entitled to overtime wages and minimum wage pay.
- The FLSA does not require [[#|overtime pay]] for work on weekends, holidays, or regular days of rest, unless overtime is worked on such days.
- Particular jobs may be completely excluded from coverage under the FLSA overtime rules.
- For example, employees of movie theaters and many agricultural workers are not governed by the FLSA overtime rules.
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Fair Labor Standards Act
- The Fair Labor Standards Act (FLSA) established a national minimum wage, "time-and-a-half" for overtime in certain jobs, and etc.
- The October 26, 1949 Fair Labor Standards Amendment included changes to overtime compensation, defined a "regular rate," redefined the term "produced," raised the minimum wage from 40 cents to 75 cents per hour, and extended child labor coverage.
- Several exemptions exist that relieve an employer from having to meet the statutory minimum wage, overtime, and record-keeping requirements.
- Presuming an employee is not exempt from overtime, there are many instances in which overtime is not paid properly, including when an employee is not paid for travel time between job sites, activities before their shift starts or after it ends, and activities to prepare for work that are central to work activities.
- If an employee is entitled to overtime, they must be paid one and a half times the employee's "regular rate of pay" for all hours worked over 40 in the same work week.
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Flextime
- The benefits for the company include: better motivated workers; more efficient and effective operation; less fatigued workers, so less errors; people work overtime hours without receiving overtime rates; fewer facilities required; and lower sickness.
- It can also help provide staff cover outside normal working hours and reduce the need for overtime.
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Disposable Income
- For the purposes of calculating the amount of income subject to garnishment, United States federal law defines disposable income as an individual's compensation (including salary, overtime, bonuses, commission, and paid leave) after the deduction of health insurance premiums and any amounts required to be deducted by law.
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A Brief Definition
- The collective agreements reached by these negotiations usually set out wage scales, working hours, training, health and safety, overtime, grievance mechanisms, and rights to participate in workplace or company affairs.
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Candidates for Congressional Elections
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Employment Policy
- Federal law establishes minimum wages and overtime rights for most workers in the private and public sectors; state and local laws may provide more expansive rights.
- The Fair Labor Standards Act of 1938 (FLSA) establishes minimum wage and overtime rights for most private sector workers, with a number of exemptions and exceptions.
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Just-in-Time Technique
- This saves the company money, either by not having to pay workers overtime or by having them focus on other work.
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Collective Bargaining
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Short Run Firm Production Decision
- An example of a variable factor being increased would be increasing labor through overtime.