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Regulations in Relation to Small Businesses (view source)
Revision as of 18:28, 10 February 2016
, 18:28, 10 February 2016no edit summary
*The memorandum instructed the Department to look for ways to modernize and simplify the regulations while ensuring that the FLSA's intended overtime protections are fully implemented [http://www.dol.gov/whd/overtime/nprm2015/ (DOL)]
*Previously:
**”Salaried workers who earn below $455 per week, or $23,660 per year, are automatically eligible for overtime pay–regardless of the nature of their job or the duties they perform.”[http://www.alternet.org/economy/8-questions-answered-about-obamas-new-proposed-overtime-pay-increase (Alternet)]**”Salaried workers whose earnings are $455 per week or more can be exempted from the right to receive overtime if they fall into one of three categories: professionals, administrators, and executives.”[http://www.alternet.org/economy/8-questions-answered-about-obamas-new-proposed-overtime-pay-increase (Alternet)]
**Many white-collar workers with very low salaries (sometimes just above the overtime threshold) can be classified by their employers as professionals, administrators, or executives–and thus exempted from overtime pay
*Proposed changes:
