As New Year's Day 2024 approaches, many people are looking forward to welcoming this joyous holiday season, and for those who need to work during the holiday season, the topic of overtime pay comes into focus.
According to the notice of the General Office, the 2024 New Year's Day holiday will be from December 30 (Saturday) to January 1, 2024 (Monday), with a total of 3 days off. However, among these holidays, only January 1 is an official holiday. For people who need to work overtime during the leave period, the calculation of overtime pay is particularly important.
According to the relevant regulations, if the employee works overtime during the New Year's Day, if the employer arranges the employee to work overtime on January 1, the employer shall pay the overtime wage at a rate not less than 300% of the employee's daily or hourly wage, and shall not be substituted by compensatory leave.
For the two days of December 30 and 31, if the employer arranges the employee to work overtime, it shall first arrange the corresponding compensatory rest time, and the compensatory rest time shall not be less than the overtime time. If it is not possible to arrange compensatory time off, overtime pay shall be paid at a rate not less than 200% of the base amount of the person's daily or hourly overtime pay.
This means that during the New Year's Day holiday, especially on statutory holidays, the employer shall pay the employee the corresponding overtime wages in accordance with the law. For workers, this is a due reward for their hard work and a guarantee of their rights and interests.
Therefore, if the employer works overtime on New Year's Day, the employer should pay the employee no less than 300% of the employee's daily or hourly wage, which is a kind of respect and affirmation for the employee's efforts. The payment of overtime pay is not only a statutory provision, but also a kind of compensation and encouragement for employees.
The New Year's Day holiday is a time for family reunion and relaxation, but for people who need to work during the holiday, getting a reasonable overtime pay is more respect for their labor and compensation for their families. I hope that in this festival, every worker can get the care and reward they deserve.