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Akronn
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 Posted: 03/27/03 - 12:18 Post subject: Wow, new OT regs are pretty interesting
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Proposal Would Revamp Overtime Pay Rules
| Quote: | WASHINGTON - About 640,000 white-collar workers could lose overtime pay, while more than a million low-income employees could begin to earn it under a White House proposal to overhaul decades-old labor laws.
The changes being suggested Thursday by the Labor Department revamp a section of the 1938 Fair Labor Standards Act that defines blue-collar and white-collar workers and determines who must be paid a time-and-a-half hourly rate for working more than 40 hours a week.
Workers now are exempt from overtime pay if they earn more than $155 a week, or $8,060 a year, and meet other convoluted, confusing job criteria, such as devoting at least 80 percent of their time to "exercising discretion" and other "intellectual" tasks that cannot be "standardized in ... a given period of time."
The proposal would raise the salary cap to $425 a week, or $22,100 a year, and any worker earning less automatically would be required to receive overtime pay.
Jobs most affected by the changes likely would be assistant managers of stores, restaurants and bars. They would get overtime pay despite their management status as long as they earn less than $22,100 a year.
The proposal also clarifies and simplifies definitions of administrative, executive and professional employees that should be exempt from overtime pay. Generally, workers would be exempt under the proposal if they manage more than two employees and have the authority to hire and fire, or they have an advanced degree and work in a specialized field, or they work in the operations, finance and auditing areas of a company.
With the proposed changes, employers could face $334 million to $895 million in direct payroll costs for the 1.3 million low-wage workers estimated to become eligible for overtime pay. Overall, businesses could face costs of $870 million to $1.57 billion to implement new requirements... |
It would suck to see the 40 hour work week weakened more for white collar workers, but if you worked in retail as long as I have you'd realize that lower paid 'managers' are just too used and abused. Alot of employers don't hesitate to work their $18k employees 50-60 hours a week. It hurts because most of those folks are really just kids startin' out.
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Nictathan
RealPoor Master of Posts
Joined: 11 Oct 2002
Posts: 5531
Location: here... where I am... not with you
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Posted: 03/27/03 - 19:27 Post subject:
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Ot is one of the few reasons I'm glad i have an hourly job...
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Silvermouse
RealPoor Jedi
Joined: 12 Oct 2002
Posts: 11015
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Posted: 03/28/03 - 22:57 Post subject:
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I thought this post somehow involved Overthere, otherwise I wouldn't have clicked on it. Can I have the 3 seconds back it took to read your post and the 40 it took to type this out?
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compusmack
RealPoor Master of Posts
Joined: 15 Oct 2002
Posts: 6354
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Posted: 03/29/03 - 02:52 Post subject:
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| Silvermouse wrote: | | I thought this post somehow involved Overthere, otherwise I wouldn't have clicked on it. Can I have the 3 seconds back it took to read your post and the 40 it took to type this out? |
Don't mistake this for the eq f*g forum.
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Silvermouse
RealPoor Jedi
Joined: 12 Oct 2002
Posts: 11015
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Posted: 03/29/03 - 02:56 Post subject:
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I hope Minion doesn't move it LOZLROMGFLMAO!!!!1!11!!
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denuvien
Luke Warm
Joined: 11 Oct 2002
Posts: 153
Location: McMinnville, OR
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Posted: 03/29/03 - 07:02 Post subject:
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A business my dad worked for got busted by the Oregon Dept of Labor a while back because their assistant managers were being grossly underpaid. When my dad sat down and worked it out he figured they were making about 1.75 an hour.
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Minion
Guest
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Posted: 03/29/03 - 07:42 Post subject:
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| Silvermouse wrote: | | I hope Minion doesn't move it LOZLROMGFLMAO!!!!1!11!! |
I hope that LOLZROFOMGETC... was you sarcastically laughing at the fact that everyone and their mom has posted this "LOL HOPE HE DOESNT MOVE IT!~" joke.
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Silvermouse
RealPoor Jedi
Joined: 12 Oct 2002
Posts: 11015
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Posted: 03/29/03 - 21:07 Post subject:
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| Minion wrote: | | Silvermouse wrote: | | I hope Minion doesn't move it LOZLROMGFLMAO!!!!1!11!! |
I hope that LOLZROFOMGETC... was you sarcastically laughing at the fact that everyone and their mom has posted this "LOL HOPE HE DOESNT MOVE IT!~" joke. |
Of course it was!
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