Wiktionary(0.00 / 0 votes)Rate this definition: 1  exchequer(Noun) a treasury. 2  exchequer(Noun) an available fund of money, especially one for a specific purpose. 3  Exchequer(Noun) the government department that collects and manages revenue.
Definition. Shift pay is the practice of paying a premium to employees who work the less desirable hours a business must operate. The premium, also called a shift differential, compensates workers who are scheduled for a second or third shift.Some employers pay a shift differential for working weekends, holidays or split shifts.hen deciding if shift pay is appropriate for your business, itâs helpful to consider what other businesses in your industry do. Shift pay is used by 83 percent of manufacturing firms and 59 percent of customer support businesses, according to Culpepper Compensation Surveys & Services.
No, when you have a work agreement to work 12 hour shifts instead of 8 on a permanent basis, you are not paid overtime until you work longer than your 12 scheduled hours.Some places will then pay you time and a half, others might pay double time for hours beyond 12 hours.Source(s): RN. Take A Test! Â· 6 years ago.o, when you have a work agreement to work 12 hour shifts instead of 8 on a permanent basis, you are not paid overtime until you work longer than your 12 scheduled hours. Some places will then pay you time and a half, others might pay double time for hours beyond 12 hours. Source(s): RN. Take A Test! Â· 6 years ago.