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a reply to: CB328
"We have to address the issues of over-taxation and over-regulation and the lack of access to credit markets to get our small business owners thriving again. Rolling back the overtime regulation is just one example of the many regulations that need to be addressed to do that. We would love to see a delay or a carve-out of sorts for our small business owners."
Trump would slash Department of Education
originally posted by: CriticalStinker
a reply to: CB328
I hope this isn't true, that being said, the decision on the new overtime laws were a catch 22.
Many salary employees were switched to hourly and were expected to get a unreasonable work load completed in the fourty and would be reprimanded if they couldn't.
That also has a negative effect on them when looking for another job saying they were hourly not salary.
originally posted by: CB328
If you take away the threat of having to pay more money per hour, what incentive is there for companies to not overwork their people?
originally posted by: Throes
a reply to: xuenchen
What overtime? As a salaried employee, I don't know what overtime is? (Made in jest, but I've put in many 40+ hour weeks without extra pay..)
The Overtime Rule
In 2014, President Obama directed the Secretary of Labor to update the overtime regulations to reflect the original intent of the Fair Labor Standards Act, and to simplify and modernize the rules so they’re easier for workers and businesses to understand and apply. The department has issued a final rule that will put more money in the pockets of middle class workers – or give them more free time.
The final rule will:
Raise the salary threshold indicating eligibility from $455/week to $913 ($47,476 per year), ensuring protections to 4.2 million workers.
Automatically update the salary threshold every three years, based on wage growth over time, increasing predictability.
Strengthen overtime protections for salaried workers already entitled to overtime.
Provide greater clarity for workers and employers.
The final rule will become effective on December 1, 2016, giving employers more than six months to prepare. The final rule does not make any changes to the duties test for executive, administrative and professional employees.
originally posted by: GodEmperor
I do know working more than 6 hours overtime a week is worthless, you're basically working for free after that being placed in a higher tax bracket.