Is overtime over 8 hours a day or 40 hours a week
- how much should overtime be paid
- how much should overtime pay be
- how much does overtime get paid
- how much does overtime pay
How does overtime work in a two week pay period?.
How to Calculate Overtime Pay
Calculating overtime for hourly employees is fairly simple—generally just one and a half times the regular hourly rate for work.
Who is exempt from overtime pay
However, the federal government (specifically the Department of Labor) assumes that all employees must be paid overtime if they work more than a certain number of hours in a week. As a result, some salaried employees are also paid overtime, and this calculation is a little trickier.
Here's what you need to know about how to calculate overtime pay for salaried and hourly employees.
An Important Change in Overtime Regulations for Exempt Employees
New overtime rules require that salaried employees making less than a specific amount qualify for, and must be paid for, overtime.
The new rule has a higher salary level for exemption from overtime than the previous rule; that is, more employees qualify for overtime. Read this article then take a look at the pay for your exempt employees to make sure you are complying with these new regulations.
The new Department of Labor rule, effective July 1, 2024, increases th
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