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When You're Still Overspending. Once that extra money starts pouring in, an employee might start spending more than they normally do. Excess spending is actually a common thing when a person is faced with a sudden surplus of cash. If you catch yourself doing this, working overtime might not be for you.
Example: If you have a normal pay rate of $10 per hour and your company offers an overtime rate of time and a half, you can get $15 for every overtime hour worked. If you worked 50 hours in one week as opposed to your usual 40 hours, you worked 10 overtime hours (10 x $15), earning $150 in overtime pay.
Reason to work overtime You're trying to make up for lost time on another project or task. ... You miss a deadline or project milestone set during normal working hours. ... The team is currently understaffed. ... Unforeseen circumstances. ... You require more money to pay for bills and supplies. ... Keep track of all hours worked in a week.
The 5 Most Common Ways Employers Avoid Paying Overtime Rates Requiring Employees to Work Off the Clock. ... Averaging Your Hours Worked. ... Misclassifying Employees. ... Classified as an Independent Contractor. ... Providing Comp Time.
To work overtime means to work more than you're normally schedule to or past the 40 hours in a standard workweek. If you're going to work overtime, plan ahead, leave room for self-care and when it's time to clock out, actually log off and stay away from work.