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Overtime
What is Overtime?
Overtime refers to work performed beyond the standard workweek, usually compensated at a higher rate as mandated by labor laws.
Why Does Overtime Matter?
It impacts employee well-being, income, and employer costs, playing a key role in workforce management.
Key Elements of Overtime
- Threshold – Hours beyond standard (e.g., 40/week).
- Compensation – Premium pay rates.
- Regulation – Defined by labor laws.
The Role of Overtime in Career Development
While overtime can increase income, it may also contribute to burnout and stress if unmanaged.
Common Challenges with Overtime
- Work-life imbalance.
- Employer exploitation.
- Health concerns.
Best Practices for Overtime
- Track hours accurately.
- Set boundaries to prevent burnout.
- Employers should monitor workloads.
Future of Overtime
Flexible scheduling and automation may reduce reliance on overtime.
Summary
Overtime is extra work beyond standard hours with higher pay.
Key Takeaways
- Defined by law and contracts.
- Offers extra income but risks burnout.
- Requires careful management.
Take Action Today
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