- Pay Period
- The recurring span of dates β weekly, bi-weekly, semi-monthly, or monthly β covered by a single payroll calculation.
- Regular Hours
- Hours worked up to the standard threshold β typically 40 per week in the US β compensated at the employee's base hourly rate.
- Overtime Hours
- Hours worked beyond the regular threshold, legally required to be paid at 1.5 times the base rate under the US FLSA and equivalent statutes elsewhere.
- Break Deduction
- Unpaid time subtracted from total hours on the clock, typically for meal breaks of 30 minutes or more.
- FLSA (Fair Labor Standards Act)
- The US federal law that establishes minimum wage, overtime pay eligibility, and record-keeping requirements for most employers.
- Exempt vs. Non-Exempt Employee
- FLSA classification determining overtime eligibility: non-exempt employees must be paid overtime for hours over 40 per week; exempt employees are not entitled to overtime pay.
- Cost Center
- An internal accounting code used to allocate labor costs to a specific department, project, or client.
- Certified Payroll
- A government-mandated payroll record required on federally funded construction projects, verifying workers were paid prevailing wage rates.
- Time and Attendance System
- Software or hardware that automatically captures clock-in and clock-out data, often replacing manual time sheets for larger workforces.
- Accrual
- The accumulation of earned hours β such as PTO or sick leave β calculated from recorded worked hours over time.