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

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