Here are details about the five types:
DOL’s regulation lists the following bonuses that may be excluded from total compensation when determining the regular rate:
Amounts that are paid at Christmas or on other special occasions as a reward for service may be excluded from the regular rate if:
Payments that meet these criteria will qualify as gifts even if:
However, a payment is not a gift if:
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In general, prizes for doing something that is truly beyond the scope of the employee’s ordinary job duties do not have to be included in compensation However, prizes must be included in compensation if they are paid as “remuneration for employment.” That would include any prize or award for quality, quantity, or efficiency of work during the employee’s customary working hours at his or her normal assigned tasks.
If the prize is in the form of merchandise, the amount allocated to total compensation would be its cost to the employer.
Paid leave time does not count as hours worked and does not need to be included as compensation for the regular rate. That includes:
Calculating the “regular rate,” one of what, a dozen picky challenges that will cross your desk today?
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