overtime
(noun)
The rate of pay, usually higher, for work done outside of or in addition to regular hours.
Examples of overtime in the following topics:
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Fair Labor Standards Act
- Those who are nonexempt are paid overtime.
- Police officers, fire fighters, paramedics, and other first responders are also entitled to overtime wages and minimum wage pay.
- The FLSA does not require [[#|overtime pay]] for work on weekends, holidays, or regular days of rest, unless overtime is worked on such days.
- Particular jobs may be completely excluded from coverage under the FLSA overtime rules.
- For example, employees of movie theaters and many agricultural workers are not governed by the FLSA overtime rules.
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Fair Labor Standards Act
- The Fair Labor Standards Act (FLSA) established a national minimum wage, "time-and-a-half" for overtime in certain jobs, and etc.
- The October 26, 1949 Fair Labor Standards Amendment included changes to overtime compensation, defined a "regular rate," redefined the term "produced," raised the minimum wage from 40 cents to 75 cents per hour, and extended child labor coverage.
- Several exemptions exist that relieve an employer from having to meet the statutory minimum wage, overtime, and record-keeping requirements.
- Presuming an employee is not exempt from overtime, there are many instances in which overtime is not paid properly, including when an employee is not paid for travel time between job sites, activities before their shift starts or after it ends, and activities to prepare for work that are central to work activities.
- If an employee is entitled to overtime, they must be paid one and a half times the employee's "regular rate of pay" for all hours worked over 40 in the same work week.
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Flextime
- The benefits for the company include: better motivated workers; more efficient and effective operation; less fatigued workers, so less errors; people work overtime hours without receiving overtime rates; fewer facilities required; and lower sickness.
- It can also help provide staff cover outside normal working hours and reduce the need for overtime.
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A Brief Definition
- The collective agreements reached by these negotiations usually set out wage scales, working hours, training, health and safety, overtime, grievance mechanisms, and rights to participate in workplace or company affairs.
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Demand-pull production system and quick setups to reduce lot sizes
- The traditional approach to manufacturing management promotes a strong focus on machine and labor utilization.The view was that if managers make sure that workers and machines are always busy, then surely the factory will be productive and efficient.This approach is called the "push" system of manufacturing, where raw material and work-in-process is continuously pushed through the factory in the pursuit of high utilization.The problem with this approach is that it usually produces high levels of inventories, long lead times, overtime costs, high levels of potential rework, and workers who are competing with one another rather than working cooperatively.
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Reducing Turnover
- The Employment Policy Foundation states that it costs a company an average of $15,000 per employee, which includes separation costs, including paperwork, unemployment; vacancy costs, including overtime or temporary employees; and replacement costs including advertisement, interview time, relocation, training, and decreased productivity when colleagues depart.
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Review Techniques
- The Employment Policy Foundation states that it costs a company an average of $15,000 per employee, which includes separation costs, including paperwork, unemployment; vacancy costs, including overtime or temporary employees; and replacement costs including advertisement, interview time, relocation, training, and decreased productivity when colleagues depart.
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Case: China establishes a new employment contract law for 2008
- An employer that fails to pay an employee his salary, pays below the local minimum wage rate, fails to pay overtime or terminates a contract without paying the employee severance or without cause will also pay varying damages as stipulated in the new law.