overtime

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Overtime

Work by a wage earner in excess of a statutory number or hours. For example, any time that a waged employee works over 40 hours in a week is usually considered overtime. Working overtime may entitle an employee to extra compensation, such as one and a half times his/her ordinary wage, which is often called time-and-a-half.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

overtime

extra hours of work undertaken by an employee that are additional to the number of hours specified as constituting the ‘basic’ working week, and for which employees are paid a WAGE RATE higher than the ‘basic’ wage. Firms often resort to overtime working to meet sudden increases in orders, viewing overtime by the existing workforce as a more flexible and cheaper alternative to taking on extra workers. An overtime ban by employees can thus be a highly effective form of INDUSTRIAL ACTION.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

overtime

the hours of work that are additional to those formally agreed with the labour force as constituting the basic working week. Employers resort to overtime working to meet sudden increases in business activity, viewing overtime by the existing labour force as a more flexible alternative to taking on extra workers. Overtime pay rates can be two to three times basic hourly rate. See PAY.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
For overtime pay, employees should get an additional 30 percent of their hourly rate.
In addition, the proposed changes include revisions to the "duties tests," which are also used to determinewhether certain employees are eligible for overtime pay.
Aside from the benefit of earning more for their hard work, Samsung's new policy could also eliminate the issue of employees finishing their extra work in an hour and staying for the next hour just to qualify for overtime pay. 
In 2015, officers were paid AaAaAeA@1/41.87m in overtime, a sum that was mo or less the same for the three years before that when part of the overtime pay was replaced with days off.
"Chipotle is denying overtime pay to thousands of workers that live paycheck to paycheck and rely on their weekly income to make ends meet," said Joseph Sellers, a partner at Cohen Milstein Sellers & Toll, which represents the lead plaintiff in the suit.
However, the deductions may not reduce their pay below the minimum wage or cut into their overtime pay. If these costs dip employees' pay below the minimum wage or impact overtime pay, the employer must reimburse employees to make up for the shortfall.
The rule aimed to double the salary threshold under which employees qualify for overtime pay, extending it to an estimated 4.2 million more workers.
Salaried employees earning less than $47,476 annually, and who work over 40 hours per week, will be entitled to time-and-half overtime pay. Those who burn the proverbial midnight oil on a scale comparable to their peers at law firms can look forward to heafty paychecks.
If your employees are already eligible for overtime pay, these changes do not affect those positions in anyway.
Hundreds of other Scotiabank employees, who had claimed they were denied overtime pay while being assigned more work than could be completed within their standard hours, joined the class action.
When the Obama administration announced last Wednesday it was expanding overtime pay protection for more than 4 million workers, the reaction from the business sector was swift - and completely predictable.