Is it worth it doing overtime?

Ol!ver said:
If you get paid a reasonable amount for the day, I'm not sure how anyone can say it's not worth it.
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Monies not everything. If you have enough money to do stuff in your spare time, then why would you. I so want to get to the point where I don't need overtime to do the things i want.
 
Even if physical tiredness was not an issue, some jobs offer poor overtime rates, barely much above standard hourly rate.

There also some poor folk out there in jobs where they can pull sizeable regular overtime and not get a penny more above part-time contract levels when it comes to holiday pay (and sick pay if you need it). Being based on the average hours worked the previous 12 weeks goes out the window!
 
As predicted I ended up taking about £1860.

I think I must have had a mind meltdown when I did my initial calculations :o

This months overtime is up to a nice £900 so far. My Xmas will be extra merry this year - as will the tax mans

(FYI, my standard salary is pretty rubbish for what I do but gets me by. The overtime certainly helps)
 
I'm lucky enough to be in a job where I can decide how much OT I do. Last year I took 50% on top of my basic salary - but I was saving for my new son's arrival. I felt a bit sick when I saw the 40% tax, 2% NI, 9% student loan and 0.5 % union = 51.5% of my marginal income going elsewhere. However now my son has been born I am restricting myself to 8 hours per week ideally 2 x 4 hour callouts after he has gone to bed at night. Financially it is usually worth it, but it always depends how much you value your spare time.
 
I tend to take the majority of my overtime as paid leave. Then I don't have to deal with the gutting tax figures, and honestly I value my free time more than money so it suits me just fine.

Still get the ol' tax man suckerpunch when it comes to the annual bonus, though. :(
 
My current job has a clause in the employment contract that forbids paid overtime (but still allows the company to expect us to do some). However, the company rewards us for this extra effort in other ways and these more than make up for the unpaid overtime that we do.

In my previous company, my team had unlimited overtime at 1.5x pay for two or three years. Most of the team would do a bit of overtime but there was quite a few months when one of my colleagues would do an extra 100 hours (or more) in a month and earn his salary again.
 
Unpaid? No way, I'm out the door not a minute late, that's right, I don't even give you 30 seconds of my own time, clock ticks over, I'm waiting.

Paid? Maybe, but I want to be compensated for the inconvenience, if I do a days overtime I want a days pay and half a day if not a day off in lieu or something.

Don't want to pay overtime? Don't get it.

If the company goes bust because you paid your workers for the hours they worked then your business wasn't sustainable, fix it or go home.
 
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I'd love the option to work overtime, or even flexitime. Unfortunately, i'm expected to arrive half an hour early and leave half an hour late or "i'm not dedicated" as my boss says.

I tend to arrive at 8.59 and leave at 17.01. When I'm hear I work hard, if they want extra hours, I want paying.

It should be illegal for employers to use the "it's expected you work extra hours without us paying you" card.
 
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