article thumbnail

Is Paying Your Employees Overtime Mandatory?

Abel HR

In this blog’s infancy, we discussed a question that comes up regularly as we talk to clients, which is, do I have to pay my employees overtime? In general, whether a person is eligible for overtime is decided by the Fair Labor Standards Act (FLSA). So let’s break it down: Who is eligible for overtime?

article thumbnail

How to Calculate Variable Cost: Examples and Best Practices

Empuls

Labor is also referred to as piece rate labor as it is the wage that is paid out to laborers based on their output as compensation for their work. Examples of variable costs There are many different kinds of variable costs in a company or a production facility. Some of the common examples of variable costs are: 1.