Hello all,
Is there a way to conviently provide salaried employees overtime pay beyond 40 hours or PTO compensation time for those hours?
In the past when I worked for large corporations, we were “salary exempt” employees but still received either PTO hours to be used later, or our hourly rate as overtime pay. But not exactly sure how this was executed on the financial/business side.
I’ve heard of establishing a second company to pay those employees “hourly” whenever they go beyond the 40. But that doesn’t seem like it would be the easiest option.
We are a government contractor, so we do track hours against each project.
Thank you!
The point of salary is to give them a higher wage and more responsibility, but they need to work however long it takes to get it done. Of course you should consider giving them a bonus if they do something beyond their normal scope of work.