ECONOMICS

Detailed explanation-1: -Overtime means an additional number of hours worked by an employee that overtakes the normal working schedule. The remuneration of overtime depends on the company’s payroll policy. However, certain regulations under few Acts concerns overtime payment of employees, workers, and laborers.

Detailed explanation-2: -Overtime refers to any hours worked by an employee that exceed their normally scheduled working hours. While a generalized overtime definition refers simply to those hours worked outside of the standard working schedule, overtime commonly refers concurrently to the employee’s remunerations of such work.

Detailed explanation-3: -Scheduled overtime is overtime which is assigned by the end of the employee’s last worked shift prior to the overtime assignment and which does not immediately precede or immediately follow a scheduled work shift.

Detailed explanation-4: -(1) Where a worker works in a factory for more than nine hours in any day or for more than forty-eight hours in any week, he shall, in respect of overtime work, be entitled to wages at the rate of twice his ordinary rate of wages.

Detailed explanation-5: -Overtime generally means any work over the basic working hours included in your contract. Regulations say that most workers can’t be made to work more than an average of 48 hours a week, but they can agree to work longer.