New overtime laws go into effect

Discussion in 'Business Operations' started by tiedeman, Aug 22, 2004.

  1. tiedeman

    tiedeman LawnSite Fanatic
    from earth
    Posts: 8,745

    I was wondering what is everyones opinion on the new overtime laws that go into effect on Monday???
     
  2. Fantasy Lawns

    Fantasy Lawns LawnSite Bronze Member
    Posts: 1,913

    All of my employees are nonexempt employees ... so it won't effect most unless you have alot of salaried paid or officers of exempt

    Fore me I pay 1.5 over 40 either way ..... here if FL I don't even have to pay OT with yearly Business Gross under $500K .... But NO employee would like that too much
     
  3. HOOLIE

    HOOLIE LawnSite Gold Member
    Posts: 3,981

    I heard about this, but what are the new rules. I'm solo myself.
     
  4. Kelly's Landscaping

    Kelly's Landscaping LawnSite Platinum Member
    Posts: 4,411

    I've read every artical I could find on the subject so far I'll be dammed if I understand any of this.
     
  5. tiedeman

    tiedeman LawnSite Fanatic
    from earth
    Posts: 8,745

    I am glad that I am not the only one that doesn't know what the fine line is in regards to everything
     
  6. GreenQuest Lawn

    GreenQuest Lawn LawnSite Senior Member
    Posts: 822

    Well from What I have read there is no change for hourly workers. The only changes come to salaried employees.

    In a nutshell those making under $23,660 a year will be automatically entitled to overtime pay. Those who make over $100k will not be eligible for overtime pay. those in between......well I can not find much on them.;)
     
  7. Team Gopher

    Team Gopher LawnSite Platinum Member
    from -
    Posts: 4,041

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