Define overtime pay, Basic Statistics

Define Overtime Pay

Extra time represents time worked in excess of 40 times weekly. Whether or not workers are bought overtime will depend on each worker's job obligations and rate of pay-some workers are exempt from overtime pay and some are not. For example, professionals are regarded to be "exempt"; their business employers are not necessary to pay them for their overtime time because (1) their settlement is high, and (2) they can management their working time. Executives do not need government or condition wage and hour regulations to protect them from company neglect.

On the other hand, a style technical assistant earning a yearly wage of $18,000 per year is probably not in management of her working time. If she works for an professional who chooses to perform 60 time weekly, the style technical assistant needs to be protected from having to perform 60 time weekly for no more pay than she would obtain for 40 time of perform.

This personnel is regarded a "nonexempt" employee-she is not exempt from being paid overtime settlement. Some illegal companies have been known to identify "hourly wage" workers as "salaried" in desires of making them exempt from overtime pay-federal and condition regulations exist to prevent such unjust treatment of workers.When handling paycheck, don't believe that it's only the one per hour basis paid workers who obtain overtime pay-state and government regulations require overtime payments to lower-paid paid workers. It is also possible that some nice business employers will give overtime pay to workers who are not necessary by law to obtain it. offers unique accounting assignment help

Posted Date: 3/31/2012 3:57:20 AM | Location : United States

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