Small business association protests overtime rule
The National Federation of Independent Business (NFIB), which represents small business interests, has petitioned the Labor Department to extend the deadline for complying with its overtime rule. The rule potentially affects 44 percent of small employers.
In many cases, small businesses must reorganize their workforces and implement new systems for tracking hours, recordkeeping and reporting, said NFIB President and CEO Juanita Duggan.
The regulation, which takes effect December 1, doubles the pay threshold below where white collar employees are eligible for mandatory overtime, from $23,660 to $47,476 per year.
For coverage of the implications of the overtime rule for dealers as discussed at WANADAês Dealer Law Briefing this summer, click here and go to page 5.Download Bulletin PDF