Common Contracts
1 similar Overtime Agreement contracts
Agreement to work overtime formulaOvertime Agreement • August 17th, 2021
The federal Fair Labor Standards Act (FLSA) requires employers to pay non-exempt employees 1.5 times their "regular rate of pay" for all hours worked over 40 in a workweek. Some states require overtime pay in additional circumstances and at different rates. Below, we cover how to calculate overtime in accordance with federal rules. Regular Rate of Pay: To accurately calculate overtime pay, you must first determine the employee's regular rate of pay. An employee's regular rate includes their hourly rate as well as the value of nondiscretionary bonuses, shift differentials, and certain other forms of compensation. Examples of Overtime Calculations: Here are some examples of calculating overtime under federal law. Always check to ensure calculations comply with both federal and state law.Page 2Hiring a new employee can sometimes be time consuming, costly, and difficult. These hurdles can lead to excuses when the process is (or seems to be) coming up short. Failing to challenge these excus
