In a perfect world, we're all paid a fair rate for our hard work. But for some people, this is far from reality.
In most cases, employers pay workers each hour they put in. And when they go over 40 hours per week, they're given a bonus known as "time and a half." What is time and a half?
For example, if you make $10/hr, you will make $15/hr for overtime. Of course, there are exceptions to this law, which we'll cover shortly.
If you own or manage a business, then understanding wage law is essential. Let's review.
What is Time and a Half?
Time and a half is the premium employers must pay to qualified employees. There are federal and state laws that govern this to ensure employers pay employees fairly.
Now, there are legal consequences employers face when they refuse to pay overtime wages. This includes paying fines and legal fees for employees that decide to sue.
For example, some employers land in legal hot water for: