Comp Time

Definition

Compensatory time off in lieu of overtime pay; a way for companies to avoid paying while pretending to care about balance.

Example Usage

They worked Saturday, so management graciously offered comp time that they'll never actually have time to use.

Origin

Emerged from labor law as an alternative to overtime compensation

Fun Fact

Most companies with comp time policies find that 60% of employees never use their comp days.

Source: Compensation terminology

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