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This question is about employer.
What is OT pay?
OT pay stands for overtime pay, and overtime is additional pay for additional hours worked, and this rate varies from state to state. For some states, workers are paid at a rate of 1.5 times their hourly rate. Sometimes, OT workers receive double pay for their work hours over that 40-hour limit.
OT is extra pay for workers who are not salaried. You do not typically receive overtime if you work at a salaried job. You may be expected to sometimes work more than 40 hours, which does not mean you have an increase in your salary.
A great example of this is an investment banker. Entry-level investment bankers can work up to 110 hours a week, but since they are only contracted for 40, they do not receive overtime as working more than that is a "choice," and they are salaried workers. OT is only for hourly employees.
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