Business terms and jargon explained. Your business dictionary

What is Overtime

Overtime is work over and above the contracted hours agreed by your contract of employment. This may be agreed overtime or voluntary overtime. Overtime is normally paid at a higher rate than the normal hourly rate in some jobs; however, in other jobs overtime is not paid and seen as part of the job. Managers and executives are not normally paid for overtime. It depends on the type and nature of the job.

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Term created / updated 2015-09-07 10:40:18

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.

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