Exempt employees are not eligible for overtime pay. No compensatory time off may be carried over from one two-week pay period to another pay period. If an employee cannot be scheduled for time off, the hours must be paid as overtime. Any employee working under two or more budgets will be paid overtime from the budget in which the overtime hours are actually worked. Loyola's healthcare component may adopt any appropriate overtime standard available to hospitals and other healthcare providers.
Payroll monitors timecards for accuracy of calculations.
Human Resources, in conjunction with Payroll, will provide training sessions to facilitate implementation of this policy.