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Complying with federal wage and hour laws can be difficult, and the penalty for failing to follow the rules can be harsh. The area that causes employers the most difficulty is probably overtime pay. To figure out when an employee is eligible for an increased rate of pay because of overtime, you can't merely count hours; you also need to define what "ordinary" pay consists of and how it should be treated — often a very complicated task.
The Employee Overtime Policy contains three documents that are designed to help you comply. Included are two checklists — one spells out which payments to an employee have to be included in computing the employee's regular rate of pay, while the second lists the payments that can be excluded. Also included is a list of do's and don'ts to consider in setting up your overtime policy that can help you save money and comply with the overtime rules.
The file contains an eight-page document in rich text format (RTF) that is suitable for use with most word processing programs used in the Windows environment.
Included are the following:
Toolkit is providing these tools free of charge. Some of these forms contain technical language and create significant legal obligations. Do not use any form without first having an attorney review the form and determine that it is suitable for the purpose for which you intend it.