Final answer:
Overtime is the term for work exceeding the standard 40-hour workweek, typically attracting higher pay to compensate for the additional hours.
Step-by-step explanation:
Overtime refers to hours worked above the normal 40-hour workweek, for which there is usually a pay premium.
On average, U.S. workers spend a significant portion of their time at work. Many full-time employees exceed the standard 40-hour week working schedule, leading to overtime. This overtime is often compensated at a higher rate, known as a pay premium, and is governed by labor laws and regulations.
Industrial and organizational psychology examines the vast effects of work hours on employees' physical and psychological wellbeing. These long work hours reflect not only upon individuals but also cultural work practices, as can be observed in international comparisons of annual work hours. Understanding the impact of overtime and work patterns is critical for personal health and economic efficiency.