Premium Pay

Overtime Pay: Additional pay for hours worked beyond the standard workweek, usually calculated at 1.5 times the regular hourly rate.
Holiday Pay: Additional pay for hours worked on designated holidays, often calculated at 1.5 or 2 times the regular hourly rate.
Weekend Pay: Additional pay for hours worked on weekends, which may be calculated at a higher rate than regular hours.
Shift Differential: Additional pay for working night shifts or other non-standard shifts, often calculated as a percentage of the regular hourly rate.

What is Premium Pay?

Additional compensation provided on top of regular pay. Premium pay is often used for overtime, holiday work, or hazardous duties.

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