Banking Over-time Hours
Rather than pay employees time and one-half their regular rate for all hours worked over 40 in a workweek, many employers will “bank” the over-time hours and apply them toward a week where the employee worked less than 40 hours. The employee will then be paid for these hours at the regular straight-time rate instead of the required over-time rate. This system of pay is also referred to as compensatory time, or “comp-time”.
Young Law Group is a nationwide leader in whistleblower representation and has successfully represented numerous clients in some of the nation’s largest qui tam cases for over a decade. For a free confidential consultation, please call Eric L. Young, Esquire at (800) 590-4116 or complete our online form.