What are the rules regarding overtime?

Overtime rules encompass regulations and laws governing employees' work beyond regular hours, covering payment policies, overtime rates, and weekly hour limits. These rules aim to ensure equitable compensation for extra work and promote a healthy work-life balance.

Variations in Overtime Rules

Overtime rules vary between countries and sometimes within regions or states. For instance, in South Korea, overtime pay is typically mandated for work exceeding 40 hours per week, paid at one and a half times the regular rate. Conversely, India requires double the usual pay rate for hours exceeding 48 per week.

Compliance with Overtime Rules

Organizations must understand and comply with overtime regulations in the countries where their employees operate. Utilizing global HR solutions like Multiplier can streamline this process by automating overtime rate calculations and providing updates on relevant regulatory changes.