Business Operations: Does Employee Overtime Benefit the Business?

from Your Business Matters · host Heneka Watkis-Porter

Guests: Cheryl Campbell,  Founder/HR Consultant HR Outsourcing Solutions Melicia James, HR Manager: iPrint Digital & National Outdoor Advertising. Welcome to Your Business Matters, a podcast of EXIM Bank Jamaica where we bring thought leaders together on thought-provoking ideas and methods to help grow your business. Employee Overtime can be tricky. We know of the many benefits that it brings the employee in the form of more work hours and more money. But have you ever paused to think about whether or not companies actually benefit when employees work overtime? Effective use of OT requires an in-depth knowledge of the benefits and impacts the extra hours may have on the company's human resources. Overtime is believed to be expensive and unsafe but according to experts when done right, it could be a powerful tool for meeting workload demands. Today on Your Business Matters we examine the pros and cons of OT to the employers. Some of what we discussed include: Reasons why employees should not engage in prolonged overtime. Is OT  strategy used by employers to avoid employing more staff? Who was overtime intended to benefit? The employer or the employee? We also touched base with a member of our audience Fred Hibbert who posed this question to our guests “ Is there a particular method of calculating overtime?” Connect with our guests: Connect with Cheryl at [email protected]  or contact her 876-821-8695. Contact Melicia  at [email protected]. Thank you for joining us on Your Business Matters hosted by Heneka Watkis-Porter of the Entrepreneurial You podcast. Remember to join us next week for another exciting episode with our thought-provoking leaders as they debate thought-provoking ideas and methods to help grow your business and move closer to your goals. To stay in touch, you can connect with us on your favorite podcast platforms at ‘Your Business Matters’ where we bring the matters to the table, or visit eximbankja.com for further information and business resources. As you continue to mind your business, I leave with you this quote from Mokokoma Mokhonoana, “The wise rest at least as hard as they work.” Take care…

What this episode covers

Guests: Cheryl Campbell, Founder/HR Consultant HR Outsourcing Solutions Melicia James, HR Manager: iPrint Digital & National Outdoor Advertising. Welcome to Your Business Matters, a podcast of EXIM Bank Jamaica where we bring thought leaders together on thought-provoking ideas and methods to help grow your business. Employee Overtime can be tricky. We know of the many benefits that it brings the employee in the form of more work hours and more money. But have you ever paused to think about whether or not companies actually benefit when employees work overtime? Effective use of OT requires an in-depth knowledge of the benefits and impacts the extra hours may have on the company's human resources. Overtime is believed to be expensive and unsafe but according to experts when done right, it could be a powerful tool for meeting workload demands. Today on Your Business Matters we examine the pros and cons of OT to the employers. Some of what we discussed include: Reasons why employees should not engage in prolonged overtime. Is OT strategy used by employers to avoid employing more staff? Who was overtime intended to benefit? The employer or the employee? We also touched base with a member of our audience Fred Hibbert who posed this question to our guests “ Is there a particular method of calculating overtime?” Connect with our guests: Connect with Cheryl at [email protected] or contact her 876-821-8695. Contact Melicia at [email protected]. Thank you for joining us on Your Business Matters hosted by Heneka Watkis-Porter of the Entrepreneurial You podcast. Remember to join us next week for another exciting episode with our thought-provoking leaders as they debate thought-provoking ideas and methods to help grow your business and move closer to your goals. To stay in touch, you can connect with us on your favorite podcast platforms at ‘Your Business Matters’ where we bring the matters to the table, or visit eximbankja.com for further information and business resources. As you continue to mind your business, I leave with you this quote from Mokokoma Mokhonoana, “The wise rest at least as hard as they work.” Take care…