Premium wages definition

Premium wages means additional remuneration for night, weekend, or holiday work, or for standby or irregular duty.
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Premium wages means additional compensation,
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Examples of Premium wages in a sentence

  • Premium wages paid for night shift work do not constitute overtime within the provisions of this rule.

  • Premium wages are sometimes needed to attract applicants already working for others.2. Retain current employees- Employees may quit when compensation levels are not competitive, resulting in higher turnover.3. Reward desired behaviour- pay should reinforce desired behaviors and act as an incentive for those behaviors to occur in the future.

  • Premium wages of one and one-half times the employee's regular hourly wage shall be paid if the employee has the maximum 60 hours comp time banked, or at the Manager’s discretion.Calculation and compensation of overtime is subject to the following:1.

  • Premium wages are sometimes needed to attract qualified applicants already working for others.

  • The establishment of an environmental baseline for the BClME is seen as a high priority regionally, and is also important in a global context.

  • Premium wages are sometimes needed to attract applicants already working for others.

  • Premium wages of one and one-half times the employee's regular hourly wage shall be paid if the employee has the maximum 60 hours comp time banked, or at the Manager’s discretion.

  • Premium wages paid for night shift work do not constitute overtime within the provisions of this Rule.

  • Parker was requested to prepare a letter to SuddenLink Communications before the final reading on the subject of areas of concern.

  • Premium wages will be time and one half for any time exceeding seventy and one quarter hours for the averaging period (two weeks).

Related to Premium wages

  • Premium pay Per the statute, recipients have broad latitude to designate critical infrastructure sectors and make grants to third-party employers for the purpose of providing premium pay or otherwise respond to essential workers. While the interim final rule generally preserves the flexibility in the statute, it does add a requirement that recipients give written justification in the case that premium pay would increase a worker’s annual pay above a certain threshold. To set this threshold, Treasury analyzed data Federal Register / Vol. 86, No. 93 / Monday, May 17, 2021 / Rules and Regulations 26817 from the Bureau of Labor Statistics to determine a level that would not require further justification for premium pay to the vast majority of essential workers, while requiring higher scrutiny for provision of premium pay to higher- earners who, even without premium pay, would likely have greater personal financial resources to cope with the effects of the pandemic. Treasury believes the threshold in the interim final rule strikes the appropriate balance between preserving flexibility and helping encourage use of these resources to help those in greatest need. The interim final rule also requires that eligible workers have regular in-person interactions or regular physical handling of items that were also handled by others. This requirement will also help encourage use of financial resources for those who have endured the heightened risk of performing essential work.

  • Premium payment plan means a benefit plan whereby school em- ployees may pay their share of group health plan premiums with pretax dollars as provided in the salary reduction plan under chapter 41.05 RCW pursuant to 26 U.S.C. Sec. 125 or other sections of the Internal Revenue Code.

  • Health insurance means protection which provides payment of benefits for covered sickness or injury.

  • Unemployment Insurance means the contribution required of Vendor, as an employer, in respect of, and measured by, the wages of its employees (or subcontractors) as required by any applicable federal, state or local unemployment insurance law or regulation.

  • Wages is defined as the amount of money the employee would have otherwise received over a period of absence, excluding overtime.

  • Retiree means any person who has begun accruing a retirement

  • Applicable Wages means the basic straight time wages for all hours worked, including: