Banking hours introduce a monetary trade-off. In some jurisdictions, such as British Columbia and Manitoba, employees can opt to accrue time off instead of receiving immediate overtime pay. These hours, when taken as leave, are paid at the hourly rates effective at the time the leave is used...
However, if you’re inBritish Columbia, and your employees work really long days, you could be looking at paying both time and a half and double overtime. That is, you would need to pay 1.5 times their rate for anything above eight hours, and then double their normal rate for any hour...
Everyone likes making more money. Overtime income gives your budget a boost, helping you pay off bills, expenses, and credit card or loan debt. You can also stash the extra cash into savings or apension plan. Some workers like to set aside any additional salary for a future vacation. Be...
the Supreme Court common duties of their positions." of Canada ruled for the first time that In both cases the employees "allege employee class actions for pay for "off that the overtime policies of the defen- the clock" overtime work can proceed dant banks conflict with private law under...