What is Time-and-a-half ?
‘Time-and-a-half’ refers to the system of paying the employees one and a half times their normal pay (150%) for any overtime they perform for the company. It is generally associated with workers who are paid by the hour rather than the full time salaried workers.
It is generally used to encourage workers to work on certain days which they would normally require an off period; for example, during bank holidays or weekends.
In some companies, the employees might even be provided with a compensatory off which they can take later. In other cases, the extra benefit would be 200% or double the rate of the normal payment for the day when the company wishes the company to remain at work.