CHAPTER 5: OVERTIME PAY Flashcards
What is the definition of overtime pay?
Additional compensation for work beyond eight hours on ordinary working days
What is the overtime pay rate for work done in excess of eight hours on ordinary working days?
Plus 25% of the hourly rate
What is the overtime pay rate for work done in excess of eight hours on a scheduled rest day or a special day?
Plus 30% of the hourly rate
Can the Cost of Living Allowance (COLA) be included in the computation of overtime pay?
No, it should not be included in any overtime computation
If an employee works 10 hours on an ordinary working day, what will be their total overtime pay rate?
A 25% of their hourly rate for 2 hours
If an employee works 8 hours a day on a regular holiday that falls on a scheduled rest day, what will be their total overtime pay rate?
30% of their hourly rate for 8 hours