# Overtime Pay

**IRI:** https://folio.openlegalstandard.org/RCU6ReSCEN31kllOAIaq5Ut

## Labels

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/RiYwKEna4NZ311TVYJ2yCj

## See Also

- https://folio.openlegalstandard.org/RX4IL0dBTdT6NybOqieEPR

**Deprecated:** False