what do comp time means
Comp Time for Exempt Employees. Compensatory or comp time is time worked by an employee beyond their required number of work hours, often calculated at 40 hours for exempt employees. Comp time is calculated and recorded and employees expect some remuneration for the extra hours worked. The hours accumulated are most often paid to the employee as time off from work, or comp time, which compensates the employee for the extra hours worked in excess of 40 hours. Comp time is paid instead of pay or overtime pay to exempt employees.