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Fair Labor Standards Act: Mandatory overtime for anyone making less than $47,476
Posted on 5/23/16 at 4:41 pm
Posted on 5/23/16 at 4:41 pm
The Department of Labor has expanded the rules under The Fair Labor Standards Act (FLSA) for employers regarding paying employees for overtime. The DOL has increased the overtime rules exemption for employers effective December 1, 2016. The long awaited rules require employers to pay overtime (hours beyond 40 per week) to all employees making less than $47,476 per year.
How are employers affected?
If your company is already paying employees on an hourly basis..........no changes.
If your company is paying employees a flat salary (exempt) of over $47,476 per year.......no changes.
If your company is paying any employee a flat annual salary of less than $47,476 per year then overtime is required for anyone working over 40 hours a week.
THANKS OBAMA! Can't wait to start firing employees to offset the cost increases
How are employers affected?
If your company is already paying employees on an hourly basis..........no changes.
If your company is paying employees a flat salary (exempt) of over $47,476 per year.......no changes.
If your company is paying any employee a flat annual salary of less than $47,476 per year then overtime is required for anyone working over 40 hours a week.
THANKS OBAMA! Can't wait to start firing employees to offset the cost increases
10
Posted on 5/23/16 at 4:42 pm to ihometiger
Posted on 5/23/16 at 4:43 pm to ihometiger
damn! just missed the cut
Posted on 5/23/16 at 4:45 pm to ihometiger
I would imagine companies will let go people making $30-35k or reduce their hours to part-time work, give raises to those making around $44k to over the $47k threshold and give them more work.
Another plan by government to "help" its citizens that will only end up hurting them in the long-run.
Another plan by government to "help" its citizens that will only end up hurting them in the long-run.
Posted on 5/23/16 at 4:47 pm to ihometiger
What this really means is that employees will no longer have the option to trade overtime pay for extra paid time off.
Posted on 5/23/16 at 4:52 pm to kingbob
Yup. They may be salary but they will be punching a clock. Need to take a couple hours to run an errand, go to the doctor, pick up your kids, etc... You will have to use that vacation time.
Posted on 5/23/16 at 4:55 pm to ihometiger
How strictly will this be enforced? And will all employers get this memo?
Posted on 5/23/16 at 4:55 pm to ihometiger
Good. It was long overdue and this will create jobs (contrary to popular belief).
Posted on 5/23/16 at 4:56 pm to yoga girl
quote:
Good. It was long overdue and this will create jobs (contrary to popular belief).
Go on...
Posted on 5/23/16 at 4:56 pm to yoga girl
Lol idiot
Posted on 5/23/16 at 4:57 pm to yoga girl
quote:
Good. It was long overdue and this will create jobs (contrary to popular belief).
How will being forced to pay employees more for jobs they are currently doing create more jobs?
Posted on 5/23/16 at 4:58 pm to yoga girl
quote:
It was long overdue and this will create jobs (contrary to popular belief).
LOL
Posted on 5/23/16 at 5:00 pm to yoga girl
quote:
It was long overdue and this will create jobs (contrary to popular belief).
I hope I get more pay for the things that I do
This post was edited on 5/23/16 at 5:04 pm
Posted on 5/23/16 at 5:03 pm to ihometiger
Just don't allow people to work over 40 hours a week but make them do the same amount of work. It will cut out a lot of inefficiency.
This post was edited on 5/23/16 at 5:05 pm
Posted on 5/23/16 at 5:03 pm to yoga girl
quote:
Good. It was long overdue and this will create jobs (contrary to popular belief).
Yeah, this was totally needed, it's not like the billions spent litigating FLSA claims over the last decade was sufficient.
DOL is a shitty, shitty, shitty entity.
Source: Working at fricking DOL
Posted on 5/23/16 at 5:04 pm to 777Tiger
This will also move a lot of employees off of salary and onto the hourly basis. The employees will probably have their job hours cut back 15 to 20% so they don't reach OT forcing employers to hire more PT employees.
End result is that PT employees aren't eligible for mandatory insurance requirements. Push a balloon in the middle and air moves to the outside and that's exactly what this will do.
End result is that PT employees aren't eligible for mandatory insurance requirements. Push a balloon in the middle and air moves to the outside and that's exactly what this will do.
Posted on 5/23/16 at 5:04 pm to ihometiger
This has been an interesting topic for postdocs. We're poorly underpaid and overworked, but "doing it for the experience". Of course I welcome a small bump in pay, though. I saw the e-mail to our admin and it's more than what the quote says, it's over a 10k increase to my boss when benefits are added.
LINK
LINK
quote:
NIH hasn’t said anything about the rule’s overall costs. But the author of the popular Drugmonkey blog notes that a $4000 increase in salary could actually be a $5000 to $6000 boost when benefits are included. And the direct costs for an NIH grant (the funding that goes directly to a lab, not to overhead) often tops out at $250,000. “This will take away jobs,” Drugmonkey predicts. “Fewer postdocs will be hired. Whether this is good or bad … well, opinions vary. But the math is unmistakable.”
Posted on 5/23/16 at 5:06 pm to ihometiger
Just pay them hourly or limit their hours.
You can still pay someone $25,000/yr, you just have to pay them OT if they work OT.
I don't see the horror in paying someone for time they work.
You can still pay someone $25,000/yr, you just have to pay them OT if they work OT.
I don't see the horror in paying someone for time they work.
Posted on 5/23/16 at 5:07 pm to Brodeur
quote:
I don't see the horror in paying someone for time they work.
Posted on 5/23/16 at 5:11 pm to Brodeur
quote:
Just pay them hourly or limit their hours.
You can still pay someone $25,000/yr, you just have to pay them OT if they work OT.
I don't see the horror in paying someone for time they work.
Because it's the government's way of eliminating the idea of salaried employment based on wage rather than position?
This is the Obama WH and runaway agency power (DOL) telling citizens and companies that they're not allowed to contract with each other to do a year's work at the salary of 47k.
It's stupid and unneeded social engineering which will do nothing to help the economy.
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