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Discussion in 'Business Operations' started by tiedeman, Aug 22, 2004.
I was wondering what is everyones opinion on the new overtime laws that go into effect on Monday???
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
I heard about this, but what are the new rules. I'm solo myself.
I've read every artical I could find on the subject so far I'll be dammed if I understand any of this.
I am glad that I am not the only one that doesn't know what the fine line is in regards to everything
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.
Here is a link to a CNN / Money article on this topic if you would like to read more.
Battle engaged over new OT rules
White House, labor groups argue whether regulations now in effect are boon or bane to workers.