time and a half pay meaning | BTCC Knowledge

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Time and a half refers to a rate of pay that is one and a half times an employee's regular hourly wage, typically used for overtime hours worked beyond the standard 40-hour workweek. It is a form of compensation that ensures workers are fairly rewarded for their additional efforts and time. To calculate time and a half earnings, multiply the hourly rate by 1.5 and then by the number of overtime hours worked.

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