Does your company pay over time in money or it gets converted into days off?
- Thread starter Hate2Wait
- Start date
I prefer days off than money. I wouldn't want to lose my time kn exchange for money.
That's okay if you already have days off. For ours, we don't have days off. So overtime has to be replaced with an off day.
Paying employees in either money or time off for overtime is a difficult decision to make. It may depend on the size of the organization and their resources, or the type of industry they are in. For example, a small business with limited resources may need to pay overtime in money to manage their budget, while a company with more resources may be able to give employees extra days off.
One of the benefits of paying overtime in days off is the effect it can have on employee satisfaction and morale. Taking days off can give your employees a much-needed break, allowing them to reset and come back to work feeling energized. It also encourages them to stay with the company for a longer period of time as they may be able to enjoy more vacation days.
On the other hand, if you pay overtime in money, it can be more beneficial to lower-paid employees. This way, they are able to receive more money to cover the expenses that the extra days off may not cover; such as housing costs, food, and other necessities.
Ultimately, each company should assess their own individual needs and circumstances to determine which payment option would be best for their employees.
In the company where I used to work, you can decide to collect your over time payment whenever it is completed or have it added to your general salary once it's time.
Some companies pay cash but most don't. They might just convert it to an extra off day. Some don't even mind. They would say that you signed up for the job..
- Thread starter
- #12
That's perfect. I wish I have this option too. We can only take days off against our over time
That's a good option and I would always go for the money. In the days I don't have anything doing at home, I would work overtime to get extra money.
- Thread starter
- #14
We all need money and actually I don't like to take days off too often but sadly we don't get money for that
As long as companies get their workers to work overtime in the company, they will always make sure to pay them for working overtime because it will always be included and their employment letter.
- Thread starter
- #19
In ours all that are included in staff cannot get money for over time unless they have taken permission from the management
Getting permission is very important and a justification why one should render overtime work,. because sometimes this privilege is being abused.
