Massive Change to Overtime Laws Incoming - Tech Workers take note

http://www.nytimes.com/2015/06/30/business/obama-plan-would-make-more-americans-eligible-for-overtime.html?_r=0

Basically, there will still be "exempt and non exempt" but if you make less than 50,400, you are automatically NON exempt. I know this will effect a ton of tech workers on these forums so starting next year... make sure you are well versed in the laws. Too many companies are absolutely abusing IT workers into free overtime when their position responsibilities don't warrant it.

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Comments

kurosaki00

err.. I wonder how this will end up

snapdad

Wonder if any employers will bump salaries to $50,401 just to skirt the law?

kurosaki00

snapdad wrote: »

Wonder if any employers will bump salaries to $50,401 just to skirt the law?

Or dont give you OT, or fire ppl and get two temporary workers with no benefits instead of one.

GreaterNinja

There are already exempt and non exempt laws pertaining to computer workers and even other workers.

http://www.dol.gov/whd/overtime/fs17e_computer.pdf

Furthermore, there are also federal laws and policies such as: common law employee and contractor laws that require 401k matching after X amount of time.

beads

Correction: July 1, 2015
An article on Tuesday about a proposed overtime rule change announced by President Obama misidentified which workers would be covered. The change would affect salaried workers earning below $50,440 a year, not hourly workers. The article also overstated plans to adjust the wage threshold over time. Adjustments to the $50,440 figure have yet to be determined; it is not necessarily the case that the wage threshold would be indexed to some measure of inflation.

That's far less draconian sounding than the original posting and would involve far less impact than previously reported.

- b/eads

TheNewITGuy

either way, if you make less than $50440 annual you're getting OT.

ImThe0ne

snapdad wrote: »

Wonder if any employers will bump salaries to $50,401 just to skirt the law?

I'd be willing to bet anybody that is close to 50,400$ will. A few thousand will easily save them more money each year than having to pay overtime.

Russell77

The New York times has become sloppy in it's old age. If you are hourly you will not automatically be turned into salary if you hit the threshold. This law is helpful to most IT workers who work salary and not paid overtime that are under the threshold. Much like the recent thread of the 37k a year worker taking uncompensated on call hours.

Correction: July 1, 2015

An article on Tuesday about a proposed overtime rule change announced by President Obama misidentified which workers would be covered. The change would affect salaried workers earning below $50,440 a year, not hourly workers. The article also overstated plans to adjust the wage threshold over time. Adjustments to the $50,440 figure have yet to be determined; it is not necessarily the case that the wage threshold would be indexed to some measure of inflation.