Accounting Software 411 View Cart | Login / Register
Jonas Construction Buyer Guide Banner


FREE Accounting Software Search...
I am seeking software for ...

 

News Directory
All News
  Top News
  Mergers & Acquistions
  Product News
  AS411 News
Feature Articles
Events Calendar
 News Feeds

Ei Dynamics Block

  Find Software
  Find a Consultant
  Find Answers/Discuss
  List Your Company
  eNewsletter
  The Insider
  About Us
  Contact Us
  Feedback
   Advertise

Sponsor Message
Jonas Construction Buyer Guide Sky



Date Posted: 8/7/2013

What’s in a Workweek?

 
 
By Steve Kania, Vice President of Product Management, SurePayroll

As we continue our discussion on overtime pay this month, we should explore what exactly a workweek consists of – that is, a fixed, recurring period of 168 consecutive hours (7 days, 24 hours). 

A given business’s workweek does not have to be the same as a calendar week or a payroll period. A workweek can begin on any day and any hour but must end after 168 hours.  A business can also have an established workweek for the whole company or different workweeks for different groups within the organization. 

To parse it even further, accountants should understand that a workweek exist on its own. In other words, if an employee works 37 hours in one week and 64 in the next week, regardless of the length of the pay period or pay frequency, overtime would be calculated only for the week in which they worked over 40 hours, in this case the second week where the employee worked 24 hours of overtime.

Actually paying the overtime is calculated using the employee’s regular rate of pay, which we will cover in my next post. 

 
 


Email Page

Sponsor Message
Jonas Construction Buyer Guide Sky


 

Company Info | Privacy Policy | Terms of Service | Advertise With Us | List Your Company | Contact Us | Help |
Copyright © 2006-20011 Accounting Software 411, LLC. All rights reserved.