Calculating Overtime

Calculating Overtime 

34 cards   |   Total Attempts: 182
  

Cards In This Set

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Overtime key points
Applies to no exempt employees covered under FLSA. Based on hours worked not compensated. No limit on how many hours a person over 16 can work. 1.5 * employee's rate on pay. Workweek is defined as 168 consecutive hours. Does not need to be a calendar week. State law varies from federal, use the one that benefits the employee
What is included in Rate of Pay
Regular pay No discretionary bonuses Shift premiums Production bonuses FMV of noncash comp Retroactive pay On call pay
Excluded from Rate of Pay
Discretionary bonuses Expense reimb Pay for unworked hrs-vacation sick pay Commuting time OT in excess of the FSLA standard
What is included in Hours Worked
Actual hours worked Engaged to be waiting hrs Certain on-call time Certain sleeping time Certain training & meeting time Travel during work hrs between job sites, etc Travel for overnight business trip during work hrs Travel to a one day assignment in a different city=hrs worked less normal commute time.
What is excluded from Hours Worked
Paid time off-vacation, sick, holiday Waiting to be engaged hrs Commuting time Business travel time outside of regular business hour
OT in excess of FLSA standard- include in rate of pay
Double-time, triple time, or pay of at least 1.5 times pay for working over 8 hours a day or working weekends/ holidays can be excluded from regular rate of pay and may be credited towards statutory OT payments. If premium rate is less than 1.5 than it must be included in calculating regular te of pay.
OT-hourly employees
Regular rate of pay*.5*overtime hrs=overtime premium Figure out total paid for each rate. Add no discretionary bonus. Divide by # of hrs worked. Do not include pot in the calculation. Add totals, pro and .5 *rTe calculated *hrs of OT. ANSWER QUESTION-ARE THEY LOOKING FOR RATE OF PAY, OT PAID, TOTALLED PAID?????
OT-salaried employees FIXED workweek
Any number of hours worked beyond the set number of hours must e paid. Rate of pay=weekly salary divided by fixed workweek hrs. Regular rate of pay*1.5*overtime hours=overtime pay.
OT-salaried employees-FLUCUATING workweek
Employee's hrs fluctuate each week but pay is meant to compensate no matter how many hrs worked- BELO plan. Weekly salary divided by actual hrs worked =regular pay. Regular rate of pay*5*o retire pay= overtime premium. ONLY .5 not 1.5.
OT-piece worker
Piece rate*pieces= total pay for workweek. Total pay divided by a cruel hrs=regular rate of pay Regular rate of pay*.5*overtime hrs=overtime premium Pay piece rate plus OT premium. Alternate method-if employee agrees beforehand employer may calculate 1.5 times the piece rate for pieces made during OT hours.
OT-tipped employees
Employer has option to treat reported tips either s regular or suppl wages If employer is taking tip credit use full minimum wage of $7.25/hr to calculate the employees regular rate of pay. Do not include tips in excess of minimum wage in calc If the employee makes less in tips than the tip credit taken by the employee, the employer must pay the difference to the employee so that employee earns minimum wage. Use .5 not 1.5.
OT-hospital employees
1.5 times the regular rate of pay for the greater of hours worked o er 8 per day or hours worked over 80 in a 14 day work week. You must calculate the OT hours both ways. Includes workers in hospitals, nursing homes, residential care facilities.
OT-firefighters
1.5 times the regular rate for hrs worked over 212 in a 28 day work period. Pro-rate the hour maximum for shorter pay periods-for ex if pay period is 20 days, then OT is paid for hrs worked over 151 hrs. 212/28*20.
OT-law enforcement
1.5 times the regular rate of pay for hours worked over 171 in a 28 day work week
Belo plan
Agreement between employer & employee to pay a constant weekly rate regardless of # of hrs worked up to the defined guaranteed hrs. The work, not the employer must necessitate irregular hrs Max guaranteed hrs is 60. Any hrs over 60 must be paid OT. Must have a contract. Employee's hrs must fluctuate above & below 40 hrs. Resulting rate of pay can not be less than minimum wage. Employee can not be entitled to other comp that impacts regular rate of pay.