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Massive Change to Overtime Laws Incoming - Tech Workers take note

ThackerThacker 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.

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    kurosaki00kurosaki00 Member Posts: 973
    err.. I wonder how this will end up
    meh
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    snapdadsnapdad Member Posts: 50 ■■■□□□□□□□
    Wonder if any employers will bump salaries to $50,401 just to skirt the law?
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    kurosaki00kurosaki00 Member Posts: 973
    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.
    meh
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    GreaterNinjaGreaterNinja 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.
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    beadsbeads 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
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    TheNewITGuyTheNewITGuy Member Posts: 169 ■■■■□□□□□□
    either way, if you make less than $50440 annual you're getting OT.
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    ImThe0neImThe0ne Member Posts: 143
    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.
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    Russell77Russell77 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.
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