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overtime
(redirected from Compensation Time)

   Also found in: Wikipedia 0.02 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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? Mentioned in ? References in periodicals archive
 
5 percent, quarterly wage adjustments of six cents an hour, the option of compensation time in lieu of overtime and the establishment of a 401(k) savings plan.
46 percent report they have access to benefits like flexible work schedules, telecommuting options or compensation time.
Bills already introduced in Congress would let workers put in longer days in exchange for more three-day weekends, save up paid time off to attend teacher conferences, or opt for compensation time at the rate of 1-1/2 hours off for each hour of overtime work.
 
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