Description: Overtime pay refers to the financial compensation that employees receive for time worked beyond their regular working hours. This concept is fundamental in the labor field, as it ensures that workers are fairly compensated for the additional time they dedicate to their tasks. Generally, overtime is paid at a higher rate than the standard wage, which can incentivize employees to work beyond their usual hours. The regulation of this type of payment varies according to the labor laws of each country, as well as the collective agreements that may exist in different sectors. Furthermore, overtime pay not only benefits employees but also allows companies to better manage their human resources, adapting to peaks in demand or urgent projects. In summary, overtime pay is a mechanism that seeks to balance workload and financial compensation, promoting a fairer and more equitable work environment.
