Working extra hours for a company should result in a bigger paycheck. This type of compensation is called overtime and normally must be approved by management. For example, if a typical work week is forty hours per week and forty-five hours were needed to complete the work at that time, the extra pay should reflect five extra hours of pay. Recently, the “. . . The U.S. Department of Labor (DOL) has released long-awaited updates to regulations that define overtime exemptions for managerial, administrative, and professional employees” (time-keeping company Acroprint; new overtime regulations increase companies' need of accurate time records, 2016, p.1 ). These overtime updates were necessary so that employers could track a more accurate time card for employees. This helps the company save money while still ensuring accurate overtime pay for employees who put in extra time on the job. Overtime can be beneficial to both the employer and its employees because the employer gets the work done while the employee receives extra pay compensated for his or her time. While overtime is a benefit to the workplace, so is paid time
tags