A regular task that employers must perform is calculating overtime pay for their employees. And depending on your state, industry, and how you run your business, you may occasionally have to calculate overtime pay for hourly and salaried employees.
Our guide will walk you through everything you need to know about overtime pay, how to calculate it, and critical mistakes to avoid.
- What is overtime pay?
- Updates to overtime regulations in 2021
- Overtime pay lawsWho is exempt from overtime pay?
- State overtime pay regulationsStates where overtime is based on hours worked in the day
- States where overtime is based on hours worked in a week
- How to calculate overtime pay for hourly employees
- Example 1: Hourly wage
- Example 2: Hourly wage and nondiscretionary bonus
- Example 3: Employee with multiple pay rates
- How to calculate overtime for salaried employeesExample 1: Non-exempt employee with fixed work schedule
- Common overtime mistakes employers make