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  2. Wage payment systems - Wikipedia

    en.wikipedia.org/wiki/Wage_Payment_Systems

    Time Rate Systems. Time Rate System: Under this system, the worker is paid by the hour, day, week, or month. High Wage plan: Under this plan a worker is paid a wage rate which is substantially higher than the rate prevailing in the area or in the industry. In return, he is expected to maintain a very high level of performance, both quantitative ...

  3. Overtime rate - Wikipedia

    en.wikipedia.org/wiki/Overtime_rate

    Overtime rate is a calculation of hours worked by a worker that exceed those hours defined for a standard workweek. This rate can have different meanings in different countries and jurisdictions, depending on how that jurisdiction's labor law defines overtime .

  4. Fair Labor Standards Act of 1938 - Wikipedia

    en.wikipedia.org/wiki/Fair_Labor_Standards_Act...

    Department of Labor poster notifying employees of rights under the Fair Labor Standards Act. The Fair Labor Standards Act of 1938 29 U.S.C. § 203 [1] (FLSA) is a United States labor law that creates the right to a minimum wage, and "time-and-a-half" overtime pay when people work over forty hours a week.

  5. Biden rule grants overtime pay to 4 million US workers - AOL

    www.aol.com/news/biden-rule-grants-overtime-pay...

    The administration of U.S. President Joe Biden on Tuesday unveiled a rule extending mandatory overtime pay to an estimated 4 million salaried workers, going even further than an Obama-era rule ...

  6. Overtime - Wikipedia

    en.wikipedia.org/wiki/Overtime

    Time off in lieu (TOIL), [1] compensatory time, or comp time is a type of work schedule arrangement that allows (or requires) workers to take time off instead of, or in addition to, receiving overtime pay. A worker may receive overtime pay plus equal time off for each hour worked on certain agreed days, such as public holidays.

  7. Feeling broke on a $665K salary: This surgeon and his wife ...

    www.aol.com/finance/feeling-broke-665k-salary...

    Jeff, 50, is a specialized surgeon. His wife Susan, 48, is a stay-at-home mom. Even though Jeff earns an enviable $665,000 a year, the couple — married 19 years — are still struggling to pay ...