What is OTS and OTP?

What is OTS and OTP?

Staff members on hourly compensation plans must be paid for all premium overtime (OTP) or straight-time overtime (OTS) on the pay date corresponding to the workweek in which the time was worked.

What are the codes in Kronos?

Kronos Pay Code Descriptions

What does DT hours stand for?

D.T. Labor is an acronym meaning Double Time Labor. Work performed on overtime and charged at twice the published rate. Double Time Labor is usually enforced on special circumstances such as holidays or long word periods past a normal work day on a weekend.

What is an OTP code?

OTP means One Time Password: it’s a temporary, secure PIN-code sent to you via SMS or e-mail that is valid only for one session. Smart-ID uses OTPs during registration and account renewal to confirm your contact information.

What is CVP on pay stub?

Cost-volume-profit analysis, or CVP, is something companies use to figure out how changes in costs and volume affect their operating expenses and net income.

What does pts mean in Kronos?

Paid Time Off Scheduled (PTS)

What is OT straight?

Straight overtime means compensable hours worked by an overtime eligible employee in excess of thirty-seven and one-half (37.5) hours in a week, but less than forty (40) hours in a work week.

What do the abbreviations on my paycheck mean?

FICA – SS – This stands for “Federal Insurance Contributions Act – Social Security.” It is the mandatory social security that you’ll pay. It varies by year. Fed/FWT/FIT/FITW – These are abbreviations used for “federal tax withholding.” St Tax/SWT/SIT/SITW – These abbreviations are used for the “state tax withholding.”

What is OT vs DT?

1.) OT (time and a half) is paid only after 40 worked hours, or 32 worked hours in the case of a Stat holiday. 2.) DT (double time) is only paid for work on Sundays if the employee has worked 40 regular hours (or 32 worked hours in the case of a Stat holiday), and 8 hours on Saturday. 3.)

What is DT in payroll?

Double-time pay is a pay rate that is twice the employee’s normal rate of pay. Employees might be eligible for double-time pay when they work overtime hours, or holiday pay for employees working on federal holidays.

Is it a OTP or an OTP?

What is an OTP – One-time password? A one-time password (OTP) is an automatically generated sequence of numeric or alphanumeric characters that will authenticate a user for a single login or transaction. It is used in a multifactor authentication (MFA) process to secure access to data.

Why is OTP used?

Why is a one-time password safe? The OTP feature prevents some forms of identity theft by making sure that a captured user name/password pair cannot be used a second time. Typically the user’s login name stays the same, and the one-time password changes with each login.

What is CVP time off?

COMMUTER VALUE PASS (CVP) The CVP is an employee benefit that expires when you separate. If you are separating from City employment. for any reason you must return the CVP.

How is CVP useful?

By breaking down costs into fixed versus variable, CVP analysis gives companies strong insight into the profitability of their products or services. Many companies and accounting professionals use cost-volume-profit analysis to make informed decisions about the products or services they sell.

What is PTS mean at work?

PTS Job Abbreviation

What does SS mean on a timesheet?

3. SS. Social Security. Medical, Healthcare, Emergency.