Business Terms and Jargon Explained
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.
<- Go Back
Business Terms Home page
Search Jargon and Terms Database
A B C D E F G H I J K L M N
O P Q R S T U V W X Y Z
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 jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.
Copyright © 2004-2021 Scopulus Limited. All rights reserved.