What is Compensatory Time Off? | Meaning & Definition | Akrivia HCM

Compensatory time off, also defined as comp time and earned time off, pays employees when they work overtime in place of overtime pay. Employees have the option to receive paid vacation time instead of more money. Employees also benefit from having time off during the peak travel seasons or on holiday weekends. Everyone benefits when your employees can go out with their family or friends without feeling guilty because they were working overtime.

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