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Millions more workers will be eligible for overtime pay under new federal rule
Posted on 5/18/16 at 3:29 pm
Posted on 5/18/16 at 3:29 pm
Washington Post
quote:
The Obama administration unveiled a new rule Wednesday that will make millions of middle-income workers eligible for overtime pay, a move that delivers a long-sought victory for labor groups. The regulations, which were last updated more than a decade ago, would let full-time salaried employees earn overtime if they make up to $47,476 a year, more than double the current threshold of $23,660 a year. The Labor Department estimates that the rule would boost the pay of 4.2 million additional workers. The change is scheduled to take effect Dec. 1.
10
Posted on 5/18/16 at 3:30 pm to JohnZeroQ
look 7-8 threads down
Posted on 5/18/16 at 3:32 pm to Topwater Trout
In the boobs or butt thread?
Posted on 5/18/16 at 3:33 pm to Topwater Trout
Search function is shite
Posted on 5/18/16 at 3:35 pm to JohnZeroQ
A lot of people about to get pay raises to $47,500
Posted on 5/18/16 at 3:42 pm to JohnZeroQ
Holy shite, my wife is salaried and makes like 40k a year.
WOOHOO!
WOOHOO!
Posted on 5/18/16 at 3:56 pm to JohnZeroQ
Robots better start dusting off their résumés 
Posted on 5/18/16 at 4:13 pm to JohnZeroQ
quote:
would let full-time salaried employees
This is the key to all of it.
They will just switch salaried employees to hourly, then not approve very much overtime.
Posted on 5/18/16 at 4:18 pm to YumYum Sauce
They could easily slash your hourly pay and rig it so that you make your previous salary when you factor in overtime.
Posted on 5/18/16 at 4:20 pm to Trauma14
quote:
A lot of people about to get pay raises to $47,500
This won't happen.
Employers will find a way around this.
Posted on 5/18/16 at 4:26 pm to cfa626
quote:
This won't happen.
Employers will find a way around this.
This honestly is punishment for employers who've been getting around this rule already. Jobs that shouldn't be defined as "exempt" were adding BS "Manager" to the title then avoiding overtime.
The only real issue is that accurate time cards are going to need to be kept. Other than that, doesn't matter unless you expect employees to work >40 hours
Posted on 5/18/16 at 4:27 pm to YumYum Sauce
quote:
They will just switch salaried employees to hourly, then not approve very much overtime.
If you have strict no overtime rules even for "salaried" employees, it effectively does the same thing.
Posted on 5/18/16 at 4:42 pm to GenesChin
quote:
This honestly is punishment for employers who've been getting around this rule already. Jobs that shouldn't be defined as "exempt" were adding BS "Manager" to the title then avoiding overtime.
Kind of happened with my wife.
She is a nurse and worked like 50 hours a week on hourly. They made her Clinic Manager and she is now salaried but works same amount of hours and gets paid about the same because she can't get overtime now.
Posted on 5/18/16 at 4:47 pm to YumYum Sauce
As someone who tries to run a profitable business stuff like this pisses me off. We need a republican to fix all of Obama's mess.
This post was edited on 5/18/16 at 4:51 pm
Posted on 5/18/16 at 4:47 pm to TheCaterpillar
I assume congress will not let this happen.
Posted on 5/18/16 at 5:20 pm to Lima Whiskey
quote:
They could easily slash your hourly pay and rig it so that you make your previous salary when you factor in overtime.
This is what we are doing. For our previously exempt salaried employee who will now be exempt we will divide their current salary by their average hours worked to get their new hourly rate. They probably think we will be dividing their previous salary by 40 hours a week, but we will be dividing it by 45, 50 whatever they normally work resulting in a lower hourly rate but the same as what they have been getting paid all along.
Thus they will be getting paid essentially the same, but they will be punching a clock. And when they show up late, leave early they will be getting docked pay (because they are not on the clock and the federal government is now telling us to essentially pay them based on the clock whereas they use to have more leeway as a salaried employee). This probably hurts employees as much as it helps them.
Employers just aren't going to all of the sudden blow up their labor costs.
This post was edited on 5/18/16 at 5:24 pm
Posted on 5/18/16 at 5:48 pm to tigercraig
HOW DARE THAT FILTHY LIBERAL PREVENT ME FROM TAKING ADVANTAGE OF MY EMPLOYEES!
SOCIALISM! COMMUNIST!!
SOCIALISM! COMMUNIST!!
Posted on 5/18/16 at 6:22 pm to GenesChin
I never expect overtime pay for working more because I'm not doing anything different. If a company wants to go that route, go for it. Hell, I've worked 80-90hrs a week for a job, and not been paid overtime.
People will just be put on hourly and have their hours cut. Another example of government officials trying to make themselves look good by doing nothing
People will just be put on hourly and have their hours cut. Another example of government officials trying to make themselves look good by doing nothing
This post was edited on 5/18/16 at 6:25 pm
Posted on 5/18/16 at 10:12 pm to elposter
quote:
This is what we are doing. For our previously exempt salaried employee who will now be exempt we will divide their current salary by their average hours worked to get their new hourly rate. They probably think we will be dividing their previous salary by 40 hours a week, but we will be dividing it by 45, 50 whatever they normally work resulting in a lower hourly rate but the same as what they have been getting paid all along.
I get it, and I think it's the simplest solution but you're undermining PTO. Employees now have an incentive not to take vacation.
quote:
HOW DARE THAT FILTHY LIBERAL PREVENT ME FROM TAKING ADVANTAGE OF MY EMPLOYEES!
SOCIALISM! COMMUNIST!!
The hospitality industry is probably the biggest target here. It's a low skill industry that doesn't pay well. So yes, you'll see managers making 35k a year who are expected to work fifty hours week.
The problem with this change though? You're actually making life worse for those employees. The legislation doesn't create new revenue streams, these employees won't suddenly be paid more. Management will simply find a way to replicate their current salary under an hourly scheme. The big problem is the quiet season though, every property has one, and rather than getting their fully salary in the off season they might be working just fifteen or twenty hours a week. That salary? It protected them during the quiet months.
This post was edited on 5/18/16 at 10:41 pm
Posted on 5/18/16 at 10:48 pm to Lima Whiskey
quote:
The big problem is the quiet season though, every property has one, and rather than getting their fully salary in the off season they might be working just fifteen or twenty hours a week. That salary? Itprotected them during the quiet months.
Bingo, everything they have done is making it harder on employees as well.
quote:
HOW DARE THAT FILTHY LIBERAL PREVENT ME FROM TAKING ADVANTAGE OF MY EMPLOYEES!
SOCIALISM! COMMUNIST!!
Except now when they leave early, or take that hour lunch, They are clocking in and out. Not everyone, but some of these employees are actually going to have to work their hours now.
This post was edited on 5/18/16 at 10:51 pm
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