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re: How is the new overtime law affecting your company?
Posted on 10/31/16 at 10:49 am to GeauxTime9
Posted on 10/31/16 at 10:49 am to GeauxTime9
quote:
How does this system work?
Say you got a job out of college that is paying $30K a year on a salary. Are you now eligible for overtime?
Pretty much. But most companies will not want to pay OT though, so you will be required to stay at 40. The OT budgets I would assume for most will be very very tight.
It can be good in some cases and bad in others. You lose flexibility and some benefits that go along with being exempt vs nonexempt.
1
Posted on 10/31/16 at 11:15 am to AUtigerNOLA
seems like my company is planning on putting the hourly rate at a number that would require 48 hour weeks (with 8 hours at OT rate) to hit the old salary number.
doesnt effect a ton of folks but im expecting to see some unhappy people when those meetings go down.
doesnt effect a ton of folks but im expecting to see some unhappy people when those meetings go down.
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