Identification
IRI
https://folio.openlegalstandard.org/RCU6ReSCEN31kllOAIaq5Ut
Label
Overtime Pay
Preferred Label
N/A
Identifier
N/A
Alternative Labels
None
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
Is Defined By
N/A
See Also
None
Parent Class Of (0)
- None
Class Hierarchy Visualization
Additional Information
Metadata
Comment
None
Description
None
Notes
- None
Editorial Information
History Note
None
Editorial Note
None
Deprecated
False