Overtime pay: meaning, definitions and examples
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overtime pay
[ ˈəʊvətaɪm peɪ ]
salary
Overtime pay is the additional money paid to an employee for working more hours than the standard workweek. It is typically calculated at a rate of one and a half times the regular hourly wage.
Synonyms
bonus pay, extra pay, premium pay
Examples of usage
- The company offers double overtime pay for working on public holidays.
- Employees are entitled to overtime pay for any hours worked beyond 40 in a week.
Translations
Translations of the word "overtime pay" in other languages:
🇵🇹 pagamento de horas extras
🇮🇳 ओवरटाइम वेतन
🇩🇪 Überstundenvergütung
🇮🇩 upah lembur
🇺🇦 оплата понаднормових
🇵🇱 wynagrodzenie za nadgodziny
🇯🇵 残業代
🇫🇷 paiement des heures supplémentaires
🇪🇸 pago por horas extra
🇹🇷 fazla mesai ücreti
🇰🇷 초과 근무 수당
🇸🇦 دفع إضافي
🇨🇿 platba za přesčasy
🇸🇰 platba za nadčasy
🇨🇳 加班费
🇸🇮 plačilo za nadure
🇮🇸 yfirvinnulaun
🇰🇿 артық жұмысқа төлем
🇬🇪 ზედმეტი საათების ანაზღაურება
🇦🇿 həddindən artıq iş üçün ödəniş
🇲🇽 pago de horas extras
Word origin
The concept of overtime pay dates back to the early 20th century when labor laws were introduced to regulate work hours and compensation. The Fair Labor Standards Act of 1938 in the United States established the standard 40-hour workweek and mandated overtime pay for hours worked beyond that. Overtime pay is a crucial aspect of labor rights and fair compensation for employees.