Step 2: Calculate regular rate of pay by dividing total straight-time compensation by total hours worked. $700 total compensation ÷ 50 hours worked = $14 regular rate of pay Step 3: The overtime pay is calculated using the regular rate times 0.5 times the number of overtime hours. $14...
Worked for CVS as an ASM for 1 year was paid as a manager exempt from overtime pay. All of the training to become a manager is done at home on your own time not even as hours worked not one hour of it is paid. After a year of that I was promoted to ...
In addition to his straight-time pay, Bob is entitled to time-and-a-half overtime pay at $30 per hour for the ninth through twelfth hours he worked for the first six days. He is also entitled to overtime premium, or double-time work pay, at $40 per hour for the thirteenth and fo...
Banked hours add complexity. While many jurisdictions require overtime hours to be calculated using premium rates, some areas, like Alberta, limit this to straight-time calculations. Alberta employees bank two overtime hours as two regular hours, while others ensure two hours at time-and-a-half ...