Allowed Times financial definition of Allowed Times
allowed time (redirected from Allowed Times)
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The time during which an employee
is paid while not working because of a situation beyond his/her control. Allowed time is granted more frequently to salaried employees than to wage earners,. Allowed time is usually finite; after its expiration, the employee often must begin to forgo payment. Examples of allowed time include sick time or grieving time. It is also called waiting time. It should not be confused with a waiting period
allowed time the maximum amount of time which an employee should take to perform a specific production task. Allowed times tend to be used in INCENTIVE BONUS SCHEMES as the basis for computing bonus payments. If the allowed time is exceeded no bonus is payable. However, if the actual time taken to perform the particular task is less than the allowed time, a bonus would be payable based upon the amount of time saved. See WORK MEASUREMENT.
References in classic literature
Inchbare was allowed time
to comply with Blanches request, was, in all probability, a dread misplaced.
I was hardly allowed time
to quiet them both, or even to dry my own eyes, when I was sent for by Mr.