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Started By
Message
Chinese Overtime
Posted on 11/24/15 at 4:22 pm
Posted on 11/24/15 at 4:22 pm
Anyone ever heard of this BS, my company pulled this on a special project we all worked on. I have a fixed annual salary.
For example, if an employee is paid a salary of $500.00 per week on a fluctuating workweek basis and works 45 hours one week, their overtime pay is calculated as follows:
$500/45 hours = $11.11 regular rate. Since their salary covers all hours worked at straight time, they are due half-time pay for hours worked over 40: $11.11 / 2 = $5.56 x 5 hours = $27.78.
For example, if an employee is paid a salary of $500.00 per week on a fluctuating workweek basis and works 45 hours one week, their overtime pay is calculated as follows:
$500/45 hours = $11.11 regular rate. Since their salary covers all hours worked at straight time, they are due half-time pay for hours worked over 40: $11.11 / 2 = $5.56 x 5 hours = $27.78.
13
Posted on 11/24/15 at 4:24 pm to The Torch
LOL wtf, you just became the first person to NOT get paid time and a half. You got paid half.
But hey, your salaried and they slid you a little extra. Suck it up and be happy
But hey, your salaried and they slid you a little extra. Suck it up and be happy
This post was edited on 11/24/15 at 4:25 pm
Posted on 11/24/15 at 4:24 pm to The Torch
quote:
I have a fixed annual salary.
quote:
overtime
Does not compute
Posted on 11/24/15 at 4:26 pm to The Torch
If you're salary then why are you complaining about not getting overtime pay?
Posted on 11/24/15 at 4:26 pm to The Torch
quote:
I have a fixed annual salary
Be thankful they will pay you any overtime then. Most companies wouldn't.
Posted on 11/24/15 at 4:28 pm to The Torch
You're on salary and you're getting paid overtime. Albeit reduced. Be happy that you're getting some extra compensation.
Posted on 11/24/15 at 4:28 pm to The Torch
quote:
they are due half-time pay for hours worked over 40: $11.11 / 2 = $5.56 x 5 hours = $27.78.
This is just the company being generous. If you are working under professional exemption, you don't qualify for overtime.
Posted on 11/24/15 at 4:28 pm to DoUrden
Where I used to work salaried got $5hr from 40-45 hrs, $4 hr from 46-50 hrs, $3 HR from 51-55 hrs, 2$ HR from 56-70 hrs, and anything over $70 they got $1 HR.
If you worked 10 hrs OT you got you regular pay plus
5
5
5
5
5
4
4
4
4
4
For a total of $55 for 10 hrs OT.
If you worked 10 hrs OT you got you regular pay plus
5
5
5
5
5
4
4
4
4
4
For a total of $55 for 10 hrs OT.
Posted on 11/24/15 at 4:28 pm to Broke
quote:
LOL wtf, you just became the first person to NOT get paid time and a half
Actually this is a legitimate way to pay overtime. It can only be used for salaried individuals with fluctuating schedules though. It takes into consideration the weeks you work less than 40 hours and still get paid your normal pay for the week.
Posted on 11/24/15 at 4:29 pm to BRgetthenet
quote:
What makes that Chinese?
This is what HR called it then I googled it and it's real.
never heard of such shite.
Posted on 11/24/15 at 4:31 pm to The Torch
quote:
Chinese Overtime
Posted on 11/24/15 at 4:31 pm to NYNolaguy1
OP with his real first job. 
Posted on 11/24/15 at 4:31 pm to The Torch
My last job I got paid my regular rate of pay for all OT I work even though I was salaried.
It was nice to get 40 hrs regular pay and 44 hrs at $24.83/hr during the winter months Jan-may.
It was nice to get 40 hrs regular pay and 44 hrs at $24.83/hr during the winter months Jan-may.
This post was edited on 11/24/15 at 4:32 pm
Posted on 11/24/15 at 4:32 pm to The Torch
Posted on 11/24/15 at 4:35 pm to The Torch
The department of labor will say that's BS & recompute you to $500/40 hours = $12.50/HR straight pay.
Then OT rate is $12.50 + $6.25 = $18.75 X 5 hour = $93.75 OT.
$593.75 Gross pay due
Then OT rate is $12.50 + $6.25 = $18.75 X 5 hour = $93.75 OT.
$593.75 Gross pay due
Posted on 11/24/15 at 4:36 pm to trom83
I'd like to give her some Chinese overtime.
Posted on 11/24/15 at 4:40 pm to The Torch
be counted lucky you get paid any form of overtime
i'm salary, so on a week i turn in 40 hrs i get $36.058/hr one week i had a billable charge for another 2 hrs, so i turned in 42 hrs, and my rate went to $34.341/hr
both showing my weekly take home the same
i'm salary, so on a week i turn in 40 hrs i get $36.058/hr one week i had a billable charge for another 2 hrs, so i turned in 42 hrs, and my rate went to $34.341/hr
both showing my weekly take home the same
Posted on 11/24/15 at 4:40 pm to crimsonsaint
In California, even if you are salaried, OT (1.5x) is anything over 8 hours a day.
Posted on 11/24/15 at 4:43 pm to Styxion
quote:
Be thankful they will pay you any overtime then. Most companies wouldn't.
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