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overtime
(redirected from comp time)

   Also found in: Dictionary/thesaurus, Financial, Encyclopedia, 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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Library management chipped in four hours' comp time for anyone who lost at least 5 pounds, fully 18 people by the time the contest ended in October.
Comp time is a perk casinos will often give you for playing at their establishment.
We, as a board, voted some time ago to stop comp time," she reminded other board members.
 
 
 
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