FOLIO Ontology

Identification

IRI:
https://folio.openlegalstandard.org/RCU6ReSCEN31kllOAIaq5Ut
Label Overtime Pay
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Identifier N/A
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Definition

Overtime pay refers to the additional compensation provided to employees who work hours in excess of what is considered standard or regular for a given period, typically a workweek. The rate for overtime pay is often higher than the employee's regular hourly wage, commonly set at one and a half times the standard rate or more, depending on labor laws and employment contracts.

Class Relationships

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See Also

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Class Hierarchy Visualization

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Additional Information

Metadata

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Description

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Notes

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Editorial Information

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Editorial Note

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Deprecated

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Source and Origin

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