Is working overtime bad for your health?
Is working overtime bad for your health?
Studies have shown that those who work overtime may have increased body-mass index and alcohol consumption, which may lead to many other health problems. Putting in those long hours can also have a negative effect on your mental health. Spending more time at work and worrying about work increase your stress levels.
Will overtime affect my tax return?
If you make more money in overtime, it increases your taxable income, which increases your taxes. Like any wages, if your withholding is more than your taxes, you get a refund.
Do you get a bigger tax return if you work overtime?
Is it worth it to work a lot of overtime?
There are plenty of factors one must consider when working overtime. It’s not a great fit for everyone, but it is the next logical step in crushing those money goals for some people. Working overtime can help you increase your income and accelerate achieving your financial goals.
Why overworking is bad?
It prevents sleep.
How to stop working overtime?
Change your values so that work is no longer the most important thing in your life.
Do you get paid extra for working overtime?
An employer does not have to pay their employees a higher rate for doing overtime. The pay rate for overtime should be clearly outlined in the Contract of employment. Enhanced pay for overtime can be used as an incentive for employees to work the extra hours, but it’s not essential.
How much overtime should I work?
Standard hours of work are generally 8 hours in a day and 40 hours in a week. Work beyond these hours is overtime and must be paid at 1 ½ times the employee’s regular wage rate.