Employee and employer must agree to the comp time before the extra hours are accrued (not after!). Comp time must be given at a rate of time and half. ... The comp time must be taken during the same pay period that the extra hours were worked.

Is comp time paid at time-and-a-half?

Compensatory time, or comp time, is paid time off given to an employee instead of overtime pay. For example, you have an employee who works 45 hours in one week. Instead of paying that employee five hours at time-and-a-half, you offer five hours of PTO instead, in exchange for those extra hours worked.

Is 1.5 a comp time?

Comp time is calculated by multiplying 1.5 times overtime hours worked.