Massive Change to Overtime Laws Incoming - Tech Workers take note
Thacker
Member Posts: 170
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.
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.
Comments
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snapdad
Member Posts: 50 ■■■□□□□□□□
Wonder if any employers will bump salaries to $50,401 just to skirt the law?
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kurosaki00
Member Posts: 973
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.meh -
GreaterNinja
Member Posts: 271
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
Member Posts: 1,531 ■■■■■■■■■□
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
Member Posts: 169 ■■■■□□□□□□
either way, if you make less than $50440 annual you're getting OT.
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ImThe0ne
Member Posts: 143
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
Member Posts: 161
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.
