posted on Aug, 24 2004 @ 11:19 AM
Originally posted by Nygdan
This new law is, from what I understand, supposed to rearrange who gets overtime, basically eliminating it for some supervisory positions. However,
someone (I think you, no?) said it was only restricting overtime for people who make 100 thousand dollars a year.
This new law is designed not only to limit overtime for those making over >$100k (and also to extend overtime benefits to anyone making less than
$23k--previously the threshhold was $8k), but the controversial part is a nebulous redesignation of who is allowed overtime, which will effect even
those making between $23k & $100k. If you make an hourly wage and your job can be designated as professional, administrative, or managerial, you are
no longer entitled to overtime.
Of course, the classification of job titles are left up to each firm, so the redesignation is pretty much left up to your firms descretion. Employees
can challenge the redesignation if they want to spend money on legal fees and probably lose their job in the process. Luckily, some states have
stronger labor laws that will override this federal law, so not everyone will be immediately impacted. In time, however, firms located in these
states will lobby local governments to adapt the federal standards.
This law is also meant to benefit larger businesses as firms that have annual revenues less than $500k and don't participate in interstate commerce
This is a serious blow to many employees where overtime is a requirement. Simply walking out the door at 5pm will put job status in jeopardy and it
will likely result in poor performance reviews, lower raises, limited chances for advancement, and even termination. This leaves the door wide open
for companies to abuse hourly workers.