return2ozma@lemmy.world to News@lemmy.world · 19 hours agoCostco Increases Pay to Over $30 an Hour for Most Store Workerswww.bloomberg.comexternal-linkmessage-square84fedilinkarrow-up1784arrow-down16file-textcross-posted to: [email protected][email protected]
arrow-up1778arrow-down1external-linkCostco Increases Pay to Over $30 an Hour for Most Store Workerswww.bloomberg.comreturn2ozma@lemmy.world to News@lemmy.world · 19 hours agomessage-square84fedilinkfile-textcross-posted to: [email protected][email protected]
minus-squareAgeroth@reddthat.comlinkfedilinkarrow-up19·9 hours agoHad to look it up myself, it’s their name for what Americans call “overtime” like if you work over 40 hours in a week, any hours you work over 40 are paid out at 150% of your normal rate, some places do 200% for Sunday or holidays. Found this article from a couple days ago. https://www.actu.org.au/media-release/1-million-australian-workers-at-risk-of-penalty-rate-cuts-while-bossesare-promised-free-lunches/
minus-squareMisterFrog@lemmy.worldlinkfedilinkarrow-up2·45 minutes agoOvertime is a type of penalty rate, these are the others: weekends public holidays overtime late nights shifts or early morning shifts. There’s penalty to the employer for asking to work these times, in the form of more money. As it should be
What’s a “penalty rates”?
Had to look it up myself, it’s their name for what Americans call “overtime”
like if you work over 40 hours in a week, any hours you work over 40 are paid out at 150% of your normal rate, some places do 200% for Sunday or holidays.
Found this article from a couple days ago.
https://www.actu.org.au/media-release/1-million-australian-workers-at-risk-of-penalty-rate-cuts-while-bossesare-promised-free-lunches/
Overtime is a type of penalty rate, these are the others:
There’s penalty to the employer for asking to work these times, in the form of more money. As it should be