Simplify overtime tracking with Jibble's overtime tracker. Configure various overtime types to guarantee precise compensation for additional hours worked while maintaining compliance to labor regulations.
Managing overtime rates is crucial for businesses that have employees working beyond their regular hours. For instance, employees falling under the Fair Labor Standards Act (FLSA) are mandated to receive “time-and-a-half” (1.5X) overtime compensation for any hours worked beyond 40 in a workweek. Similarly, various countries have their own specific multiplier values or scale factors […]
Overtime refers to the extra hours that employees work beyond their standard or regular working hours. It typically involves additional compensation, often at a higher rate than the regular hourly wage, to compensate employees for their extended work time. Overtime is a critical aspect of managing working hours, ensuring fairness, and complying with labor laws. […]