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Overtime Pay. An employer who requires or permits an employee to work overtime is generally required to pay the employee premium pay for such overtime work. Employees covered by the Fair Labor Standards Act (FLSA) must receive overtime pay for hours worked in excess of 40 in a workweek of at least one and one-half times their regular rates of ...
Overtime pay refers to the compensation you receive for working beyond normal working hours. For example, if you're eligible to receive overtime pay and your standard workweek is 40 hours, working 50 hours in a given week means you can earn overtime pay for those 10 extra hours.
The federal overtime provisions are contained in the Fair Labor Standards Act (FLSA). Unless exempt, employees covered by the Act must receive overtime pay for hours worked over 40 in a workweek at a rate not less than time and one-half their regular rates of pay.
Starting July 1, most salaried workers who earn less than $844 per week will become eligible for overtime pay under the final rule. And on Jan. 1, 2025, most salaried workers who make less than $1,128 per week will become eligible for overtime pay.
Overtime pay provided under title 5, United States Code, is pay for hours of work officially ordered or approved in excess of 8 hours in a day or 40 hours in an administrative workweek.
Overtime pay. If you are eligible, the Fair Labor Standards Act gives you the right to earn overtime pay. The Department of Labor’s Wage and Hour Division enforces this right. Employers must pay overtime if: You are a covered nonexempt employee. You work more than 40 hours during a workweek.
Unless specifically exempted, employees covered by the Act must receive overtime pay for hours worked in excess of 40 in a workweek at a rate not less than time and one-half their regular rates of pay.
How much am I required to pay for overtime work? The FLSA requires employers to pay nonexempt employees one and one-half times their regular pay rate when they work more than 40 hours in a workweek. State overtime laws may differ.
The Department of Labor’s new final rule will phase in the updated salary threshold in two steps over the next eight months, and automatically update it every three years thereafter. Effective on July 1, 2024, the salary threshold will be raised to $844 per week.
Overtime is based on the regular rate of pay, which is the compensation you normally earn for the work you perform. The regular rate of pay includes a number of different kinds of remuneration, such as hourly earnings, salary, piecework earnings, and commissions. In no case may the regular rate of pay be less than the applicable minimum wage.