Identification
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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
Sub Class Of
- • Wage
Parent Class Of 0
- • None
Class Hierarchy Visualization
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Additional Information
Metadata
Comment
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Description
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Notes
- • None
Editorial Information
History Note
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Editorial Note
None
Deprecated
No
Source and Origin
No source or origin information available