According to Watson Wyatt’s 2002 Employee Reward and Benefits Report, over 80% of people working overtime this Bank Holiday Monday will be earning twice their usual hourly rate. Only 15% of employers now offer less, typically 1.5 times basic.
1.5 times the hourly rate is the typical overtime pay on Monday to Saturdays, although one in four employers offers double pay for Saturday mornings and 40% offer double pay for Saturday afternoons. The vast majority of employers (81%) provide double pay for overtime on Sundays.
