NY town pays out $2.6 million in overtime
A city in eastern New York saw overtime costs rise by approximately $200,000 in the most recent fiscal year.
Officials in Colonie, near the larger cities of Albany and Troy, said they saw increased overtime costs of $2.6 million as compared to $2.4 million in 2012, according to local news source the Times Union. Increased financial obligations for plowing snow as well as home inspection costs drove up the overall overtime bill for the city.
Milder weather can mean less overtime costs for a variety of reasons besides increased plowing, the town's deputy comptroller said. Water mains are less likely to break during light winters and other maintenance is not as frequently required.
Overtime is one of the simpler provisions of the Fair Labor Standards Act, requiring a pay rate of one-and-one-half times the regular wage after 40 hours of employee attendance are logged in a single week. Although managed overtime can be beneficial for busy companies, the high cost of additional compensation may quickly add up.
Companies can use attendance tracking software to quickly and easily manage worker schedules and keep manageable costs down.
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