Example of an overtime payment schedule
Two Rivers defines this FLSA overtime payment schedule:
BWNE—Bi-Weekly Non-Exempt FLSA overtime pay schedule
This overtime payment schedule calculates overtime on all time records in excess of eight hours. Two Rivers uses daily time records for employees with this payment schedule.
| Field | Value |
|---|---|
| Calculate Overtime | Eligible;Calculate Overtime Hours |
| First pay period start date | 01/01/2023 |
| Pay Frequency | Bi-weekly |
| First work period start date | 01/01/2023 |
| Work period number of days | 7 |
| Work period number of hours | 40 |
| Overtime Premium Rate | 50.00 |
| Overtime Pay Code | OVERTIME |
| Work Period Option | Fixed |
This plan is assigned to all bi-weekly non-exempt employees in the company.