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TitleVersionDateCreated become Time/Overtime Premium Category Additional Duty Pay and Longevity 1.1August 19, 2010Janice Minder, Director of HR, Credited by Janice MinderCopyrightSouth Dakota Board
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Comp time/overtime premium is the additional pay or time off given to employees for working beyond their regular hours.
Employers are required to file comp time/overtime premium for their employees who are eligible for such benefits.
Comp time/overtime premium should be filled out accurately with details of the extra hours worked, rate of pay, and any applicable time off given.
The purpose of comp time/overtime premium is to compensate employees fairly for their extra work and to comply with labor laws regarding overtime pay.
Comp time/overtime premium should include the employee's name, hours worked, rate of pay, and any overtime calculations.
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