For employees on salary, then you have to convert your salary into a regular hourly rate before calculating your overtime pay. For example, if you are paid a salary of $500 per week and work 60 hours per week, then you are regular rate of pay is $8.33 ($500/60). So, you should be paid $8.33 for the first 40 hours and $12.50 per hour for all hours over 40. In this example, you would be owed an additional $4.17 for each overtime hour worked.
Many employers incorrectly label employees as exempt and do not pay them overtime. This could cheat you out of hundreds or even thousands of dollars a year. You can order our free book, The 10 Biggest Mistakes That Can Hurt Your Wage and Overtime Claim, to learn how you can recover your back pay.
Read more: Should bonuses be included when calculating my overtime?