Overtime Cost – How To Avoid, Manage, And Reduce them

Overtime Management Policies

Overtime Policies

It is the purpose of this policy to define hours of regular and overtime work.

The workweek begins Monday morning and ends Sunday night. Normal first-shift hours are from 7:00 a.m. to 3:30 p.m. Normal second-shift operations start at 4:00 p.m. and end at 12:30 a.m.

Special third-shift or other special-hour arrangements may be established at the Company’s discretion to meet production requirements…More at http://compensation.blr.com

Stop overtime abuse with 4 steps, smart policy – Business Management Daily

Example 1: Just last month, a government audit found that the U.S. Postal Service spent more than $717 million on unauthorized overtime pay in the past two years.

The reasons: Loose timecard controls and unclear rules from management.

The report said some employees assumed their unapproved overtime was OK “because their supervisors never addressed it with them.” …More at http://businessmanagementdaily.com

10 Keys to a Sensible Overtime Policy – Workforce

Overtime is a common product of shift work and extended-hours operations, in part because small amounts of overtime are often built into shift schedules.

However, if your operation uses additional overtime — that is, over and above regularly scheduled hours — you run the risk of increased costs, fatigue-related accidents and production errors.

Developing a sensible overtime policy for your operation is essential and will result in a safer and more productive workforce…More at http://workforce.com

The Good, the Bad and the Policy of Mandatory Overtime Laws

Managers are tasked with keeping employees on task to meet project deadlines. To complete the work, they must communicate with employees to ensure the goals and objectives are clear.

Every action and interaction with employees should drive the business forward…More at http://mitrefinch.com

Overtime Policy | Harvard John A. Paulson School of Engineering and Applied Sciences

The PeopleSoft electronic weekly time sheets and absence management system are the University’s formal time records.

It is important that this record accurately reflect the employee’s weekly work schedule.

For compliance purposes, employees and time approvers are required to accurately account for every hour worked and every hour taken off…More at http://seas.harvard.edu

Human Resources: Overtime (Straight time and Premium Rates)

Overtime is time worked that exceeds the hours of a full-time non-exempt employee’s regular daily schedule on pay status or exceeds 40 hours on pay status in a workweek.

Employees shall be compensated at the straight-time rate for hours of overtime not exceeding 40 hours of actual work in a workweek, and shall be compensated at the premium rate of 1-1/2 times the regular rate of pay (see Definitions) for hours worked which exceed 40 hours of actual work in a workweek, not simply hours on pay status in a workweek…More at http://hr.ucr.edu

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