{"iri":"http://lmss.sali.org/RCU6ReSCEN31kllOAIaq5Ut","id":"RCU6ReSCEN31kllOAIaq5Ut","label":"Overtime Pay","definition":"Overtime pay refers to the additional compensation provided to employees who work hours in excess of what is considered standard or regular for a given period, typically a workweek. The rate for overtime pay is often higher than the employee's regular hourly wage, commonly set at one and a half times the standard rate or more, depending on labor laws and employment contracts.","prefLabels":[],"altLabels":[],"examples":[],"notes":[],"sources":[],"branch":{"iri":"http://lmss.sali.org/RhBgnef56iLBXYfPqWQE41","label":"Financial Concepts and Metrics"},"parents":[{"iri":"http://lmss.sali.org/RiYwKEna4NZ311TVYJ2yCj","id":"RiYwKEna4NZ311TVYJ2yCj","label":"Wage"}],"children":[],"relations":[],"url":"https://lmss.io/tag/RCU6ReSCEN31kllOAIaq5Ut/","source":{"repo":"sali-legal/LMSS","ref":"3f9ac0c9357b2a971582ae79ede243511d47811d","channel":"pre-release"}}