Any employee gets a pay in the name of salary for the work he has delivered to the company or business he is working for and this is a flat rate that is fixed and agreed upon while he joins the company first. This includes his leaves, bonuses etc… But is that all an employee is eligible for? Is there anything extra that can get him something extra? Yes, of course, and it is nothing but the overtime concept. When an employee agrees to stay back after the normal work timings and accepts to continue working beyond the limit, business terms it as overtime. This might also refer to the extra wages he gets for every extra hour he works. Generally, the amount paid to him for this extra time is double the normal pay and is a flat rate.
The overtime slab differs from one country to the other and few companies might agree to pay more than what is generally expected to be paid during this period. But again this is possible only when the business follows certain overtime rules and attitudes. Yes, it should abide by certain regulations like the safety of the employee working overtime, his health conditions etc so that he continues to work productively and efficiently offering the business some value. Now, these laws greatly vary from one country to the other and all the businesses and companies involved in commercial activities are expected to follow them diligently.
Some common rules for this overtime concept are:
- A break from the routine after every 6 hours
- Limit on the number of extra hours put in by the employee
- Minimum wage payment that is common for all the businesses. But they are at freedom to pay more for an employee with good productivity.
These are common for all countries apart from the specific ones framed and designed for different sectors.