BNET Business Dictionary
Business Definition for: Overtime
- extra time worked beyond normal hours of work. Overtime is a traditional form of flexible working, often used by employers to cover periods of peak demand without incurring a permanent increase in costs. Some workers are entitled to a higher rate of overtime pay for the extra hours, but salaried workers in particular can be expected to work overtime with no additional reward.
Wiktionary Definition for: Overtime
- # context uncountable The working time outside of one's regular hours
- Ex:''You get paid double for working '''overtime'''.''
- # context sports countable An extra period of play when a contest has a tie score at the end of regulation.
- Ex: ''That last-second shot ties the game 99-99 and sends it to '''overtime'''!''
Additional Resources
- Schering Reps Win Overtime Ruling; Courts Leaning Against Drug Companies on Back Pay
- A federal court in Connecticut has declared that sales reps for Schering-Plough may be entitled to back pay for the unpaid overtime they have worked. The court ruled that reps are not the kind of sales people who are "exempt" from the Fair Labor Standards Act, and...
- Blog posts 2009-04-08
- Time's up; New federal overtime rules take effect today.(News)
- Byline: Brent Snavely Ready or not, Detroit area companies need to begin complying today with new federal overtime rules. The rules require overtime pay for salaried employees earning less than $23,660 per year, while jeopardizing overtime pay f Byline: Brent Snavely...
- Research articles 2004-08-23
- Restaurant group to analyze new overtime rules.
- Restaurant owners soon will have a better understanding of which employees are eligible for overtime and which are exempt. For the first time in more than 50 years, the U. S. Department of Labor has updated the overtime regulations under the Fair L Restaurant...
- Research articles 2004-05-17
- Labor Department: overtime pay.(Federal Register)(Brief Article)
- Labor Department: Overtime pay. Final rule. The Labor Department sets new parameters on who qualifies for overtime pay. These guidelines differ slightly from the proposed rule (OAR, Sept. 5, 2003, p. 273). For example, the point at which workers no l Labor Department: Overtime pay. Final...
- Research articles 2004-04-30
- Overtime overthrown.(Slants & Trends)(Brief Article)
- OVERTIME OVERTHROWN--Low-income workers would still have expanded eligibility for overtime pay, but the rest of the Bush administration's extensive overhaul of overtime regulations would be thrown out, under an amendment approved in the Senate last week. No sooner had the administration released its long-awaited...
- Research articles 2004-05-10
- Overtime Pay Proposal Would Give Some Workers Compensatory Time Option.
- By April Marciszewski, The Indianapolis Star Knight Ridder/Tribune Business News Aug. 16--Thousands of Hoosiers may lose the chance to earn overtime pay under a U.S. Department of Labor proposal. However, private-sector employees soon could have the option of earning ...
- Research articles 2003-08-16
- Chemed, Roto-Rooter Settles Overtime Dispute. (Around The INDUSTRY).(Brief Article)
- In an overtime pay dispute, Roto-Rooter Services Co. reached a resolution to the U.S. Department of Labor's investigation into its overtime pay practices for commissioned service technicians and plumbers. The dispute came when the Department of Labor climed Roto-Rooter owed commissioned employees overtime...
- Research articles 2001-11-01
- For the IRS, overtime is mighty fine - government profits from employee overtime - Fair Comment
- In these times of stagnant wages, more and more Americans are increasing their income by working longer hours. And thanks to strong product demand, many companies are paying record amounts of overtime. For workers, that usually means time and a half or, in some cases, double pay. Overtime work...
- Research articles 1994-10-17
- UK workers give away £27 billion of unpaid overtime
- Over five million workers across the UK gave away £27.4 billion in unpaid overtime in 2009, according to research by the Trades Union Congress TUC. The study shows that 5.07 million people regularly worked unpaid overtime in 2009, a decline of 168,000 since 2008. Staff who did unpaid overtime worked...
- News items 2010-01-07
- 16 GM plants work overtime.(Production)(Brief Article)
- Byline: Debi Domby * General Motors' Shreveport, La., plant will work overtime this week for the first time in nearly a year. The plant, which builds the Chevrolet Colorado and GMC Canyon, last worked overtime the week that ended Dec. 14, 2002. ...
- Research articles 2003-12-01
- Ford plants book more overtime.(includes several automobile industry articles)(Brief Article)(Statistical Data Included)
- Ford plants book more overtime Three Ford Motor Co. plants scheduled overtime last week. Ford's Michigan Truck plant in Wayne, Mich., scheduled overtime for the first time since September 1999. Both Kansas City, Mo., plants scheduled daily and Saturday overtime last week. One plant...
- Research articles 2001-10-01
- Corporate America Flouting Overtime Laws: What Does It Mean?
- Slate, the online magazine, is running a series of five articles entitled "American Lawbreaking." Sounds like something to check out after seeing the new Jesse James movie, but in fact the articles are much more subtle than six shooters and swagger. They examine "the laws we are allowed to break...
- Blog posts 2007-10-22
- Overtime Pay For Two Different Jobs
- Calculating overtime can be a tricky task for the HR Department when an employee works on two or more jobs for which the employee is paid different hourly rates. Since overtime must be based on the employee's regular rate of pay. Alternatively, an employer and employee may agree, before the...
- White papers 2003-01-01
- Overtime and Multiple Employers
- In this article we will examine three scenarios where employees work for multiple employers so that employers can determine if and when employees must be paid overtime. The concept of making payment of Overtime through Multiple Employers is describes with the help of three examples that ...
- White papers 2003-01-01
- The Basics of Calculating Overtime Pay
- This article states and explains that the employer would pay the employee for the first 40 hours of work at the employee's regular rate of pay, and overtime pay would be paid at the rate of time and a half for any hours worked over 40. In most states overtime...
- White papers 2003-01-01
- Overtime rule kicks in.(FYI)(Brief Article)
- OVERTIME RULE KICKS IN. The Labor Department's new overtime rule became effective Aug. 24, but the effects are disputed. Employers, including nursing homes, see the change as a step forward, while ... OVERTIME RULE KICKS IN. The Labor Department's new overtime rule became effective...
- Research articles 2004-08-27
- Labor Department Issues Overtime Rules
- The Labor Department has released revised final regulations updating the Fair Labor Standards Act that would protect overtime pay for white collar workers earning up to $100,000 annually, and guarantee overtime for such workers earning less than $23,660 a year. Under the original department proposal issued in March of 2003...
- Research articles 2004-05-01
- Labor Department rewrites rules for overtime pay. (Managing Your Business).
- The Labor Department has rewritten rules governing overtime pay for the first time in nearly half a century, proposing that any fulltime employee earning less than $22,100 a year would automatically be entitled to overtime pay regardless of job descr The Labor Department has rewritten rules...
- Research articles 2003-04-04
- FLSA: New Overtime Regulations Affect "Utah" Paralegals
- [2004] All rights reserved including the right of reproduction in whole or in part in any form. On Monday, August 23, 2004 the New Overtime Regulations became effective. For most paralegals this historic day passed with no noticeable changes in how paralegal hours are managed...
- Research articles 2004-11-04
- Senate stops new rule for overtime wages
- LEGISLATIONThe Senate blocked proposed changes to overtime rules at the Labor Department that firefighter unions said could shortchange some workers on overtime.The vote amended an appropriations bill, S 1356. The House version, HR 2660, still contains the provision. President Bush said he would veto any bill without it.Police making more...
- Research articles 2003-10-17
