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Overtime Policy

Free Printable Overtime Policy FormFree Printable Overtime Policy Form

This review list is intended to educate you about the subject of this document and to aid you in its preparation. Corporate etiquette dictates that you have a clear overtime policy, even if it is never implemented. Any government agency conducting an examination of your payroll records will find regulations such as overtime. Having a policy in place makes this type of examination easier, and it gives the impression to the reviewing bureaucrat that you are more organized than the majority of businesses.

 

Our business advice is to get the document signed and dated by the Company President to ensure that it has the full force and effect of that position.

 

Overtime Policy

Overtime will be paid in accordance with all applicable laws and in accordance with this policy, until further notice, as follows:

1. Authorization.

All overtime must be approved by the employee’s departmental manager in writing before any overtime is worked. No employee shall work overtime without such express authorization. An Overtime Form must be filled out by a department manager, indicating the estimated hours of overtime to be worked and the purposes to justify the additional expense involved by using Overtime to do so.

2. Procedure for Payment.

A form must be completed with the actual hours worked and given to payroll within one (1) week of working any overtime. Payment for approved overtime will be given one (1) pay period after the time the completed form is received by the person responsible for payroll of that department.
___________________________ Dated:
Authorized Employee of Company
Overtime Policy
Review List

This review list is provided to inform you about this document in question and assist you in its preparation. Good corporate housekeeping requires you have a stated Overtime policy, even if not used. Any review of your payroll records by a government agency will involve identifying policies such as Overtime. Having a policy in place simplifies that kind of investigation and is suggestive to the evaluating bureaucrat that you have your house more in order than most companies.

Our business advice is to have the Company President sign and date the form so it has the full force and effect of that office.

 

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