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overtime
(redirected from 40-hour week)

   Also found in: Wikipedia 0.03 sec.

overtime

Extra hours worked by an employee in excess of the number of hours agreed under their contractual terms of employment. In some jobs, where there are rigidly set working hours, overtime may be offered as a means for increasing production. Overtime may be paid at a premium rate compared to the normal hourly rate (see overtime pay). This is especially true when employees do overtime at unsocial times, such as holidays and night time. In companies where there is no rigid definition of hours there is unlikely to be overtime because extra hours fall within the normal job description of employees.



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"CPAs working out of their homes generally can gross $100,000 a year, plus or minus, and take home $90,000 of that for a 40-hour week," he says, "and you don't have any employees or the overhead of an office.
``But with a 50 percent turnover rate, and the average full-time employee working 58 hours a week because they can't survive on $9 an hour for a 40-hour week, we're only one step away from a real disaster story of a tired worker falling asleep and someone getting seriously hurt.
According to the most recent statistics from the National Association of Realtors, the gross personal income of brokers is $65,300, with the average broker working a 40-hour week.
 
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