What is straight time pay?

Straight time pay refers to the standard rate of pay that an employee receives per hour of work, without any additional bonuses or overtime pay included. This is typically the base hourly wage that is agreed upon between the employer and the employee.

Straight time pay is usually calculated based on the employee's regular working hours, which may include a standard 40-hour workweek. Any hours worked beyond the regular work schedule may be subject to overtime pay, which is typically paid at a higher rate than straight time pay.

Employers are required to pay employees at least the minimum wage for straight time pay, as mandated by federal and state laws. Some employers may offer higher straight time pay rates as part of their compensation packages to attract and retain employees.

Overall, straight time pay is the basic compensation that employees receive for their regular hours worked, excluding any additional premiums or bonuses.