http://www.usatoday.com/story/money/2016/05/17/overtime-pay-eligible-employees-workers/84504890/
>Moving to fatten low- and middle-income paychecks that have languished for years, the Obama administration on Tuesday unveiled a long-awaited rule that will make millions of Americans newly eligible for overtime pay. The rule, slated to be formally released Wednesday, would essentially double the threshold at which executive, administrative and professional employees are exempt from overtime pay to $47,476 from the current $23,660. That’s expected to make 4.2 million additional workers eligible to receive time-and-a-half wages for each hour they put in beyond 40 a week.
>Labor Secretary Thomas Perez said the salary threshold was originally intended to exempt high-paid executives but instead has denied overtime to low-level retail supervisors and entry-level office workers who often toil 50 to 70 hours a week.
>Many companies expect to convert salaried workers to hourly employees who will need to punch a clock and track their hours, hurting morale in some cases. Some will likely maintain the status of salaried employees, but will still have to monitor their hours and net the extra pay for logging more than 40. Others will lift workers' base pay to the new threshold to avoid paying overtime.
>Many small businesses can’t absorb the added cost and will instruct employees to work no more than 40 hours a week, bringing on part-time workers to pick up the slack, says Dan Bosch, head of regulatory policy for the National Federation of Independent Business. Perez said that will still be a plus because it will restore leisure time to overworked employees.
>Perez said the new rule also clarifies the types of duties white-collar employees must perform to be exempt. That potentially makes eligible an additional 8.9 million workers now misclassified, he said, such as certain administrative employees who don’t supervise anyone.
I don't know how this will strain small businesses, or corporations on the small side. Every small local business I worked for was willing to pay overtime. It is the corporate giants I've worked for that restrict hours and force salary managers to work 50-60 hours a week at no additional pay. As in zero pay, not even overtime.
>>45176
Yeah. Sadly I don't think this change will do much, but it might push people to work at smaller businesses. That's always a plus.
>>45201
>>45176
It probably won't affect the most-visible small businesses that you're thinking of because the workers in question are more-lucratively-paid anyway - they're lower middle class. We're not talking about a minimum wage errand boy at the doughnut shop.
I would suspect the most likely-to-be-affected small businesses are smalltime contractors that require skilled professionals, like a local land survey business which would make use of professional cartographers, geologists, and graphic designers.
Automation here we come
>>45211
I am a veterinary technician that works at a small clinic that employs five people, and I get overtime and holiday pay and bonuses.
>survey and geology
My father did both. He traveled a lot while doing geological studies for a mining company and loved it, but decided to quit once I was born due to the travel and moving every 2-3 years. He started working at a company bought out by Honeywell in the 90s because they needed people with geology and chemistry experience.
Until the Fukishima disaster had them swimming in money and open 24 hours for constant production of soil scrubber compounds for radiation, my father was highly discouraged in overtime and often abused by the corporation who would make him come home for work at 4pm and show back up at 12am and stay for 12 hours in a lab. While the plant manager worked 5 days a week, maybe 40 hours, and had a million dollar home. And Honeywell is the 3rd largest chemical and molecular manufacturer in the world.
The tiny mining company treated him a hell of a lot better.
>>45270
Nobody cares
i'm rather excited. i fall into the category but don't know how my company will do it. more than likely just make us hourly, as i only make $32k/yr, so doubtful they will raise pay that much to avoid the OT. good news for a lot of us. i don't mind punching a time card.
>>45358
Don't blame you there, at least you get paid for your time then.
America works stupid hours, this is good for getting it in check or at least compensating for it
