The employee has already been paid straight time by virtue of the salary, and the straight time is only paid once, so the overtime hours will be paid at half the regular rate, thus bringing the employee up to time and a half. In workweeks in which the overtime is high, the regular...
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...
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...
CVS Employees File Overtime Pay Class Action Lawsuit and Wage & Hour Collective Action Against CVS Over AllegedOff-the-Clock Security Searches & Missed Breaks. A class action lawsuit has been filed against CVS (“Defendant”) in the United States District Court for the ...
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...