Overtime Compensation Policy HR
Overtime Compensation Policy
Effective Date: [Month Day, Year]
Policy Overview
This Overtime Compensation Policy outlines the procedures and guidelines for compensating employees for hours worked beyond their regular work schedule. The company is committed to fair and compliant compensation practices in accordance with applicable labor laws.
Overtime Eligibility |
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Overtime Rates |
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Calculation Of Overtime |
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Authorization For Overtime |
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Record-Keeping |
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Payment Frequency |
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Legal Compliance |
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Dispute Resolution |
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Monitoring And Enforcement |
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Changes To Policy |
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Overtime Compensation Rates
Hours Worked |
Hourly Rate |
Overtime Rate (1.5x) |
0-40 hours |
$15.00 |
N/A |
Over 40 hours |
$15.00 |
$22.50 |