Being salaried refers to a specific type of compensation, and it's a common misconception that salaried employees do not get overtime pay. While being salaried is defined as being paid a fixed or set ...

Overtime pay is the additional pay an employee receives for working beyond their regular hours in a work week, usually beyond 40 hours. This additional pay is typically calculated as one and a half ...

If you have hourly employees that earn bonuses, commissions, or other performance payments, this article is for you. Properly compensating such employees is often not as simple as paying “time and a ...

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Investopedia / Photo Composite by ...