Banking Over-time Hours

Rather than pay employees time and one-half their regular rate for all hours worked over 40 in a workweek, many employers will “bank” the over-time hours and apply them toward a week where the employee worked less than 40 hours. The employee will then be paid for these hours at the regular straight-time rate instead of the required over-time rate. This system of pay is also referred to as compensatory time, or “comp-time”.

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