Overtime laws going into effect next year!
Last year, Clark talked about some ideas percolating in the U.S. Department of Labor that would change who gets overtime pay. The ideas are now becoming rules, and they will prevent most people who got overtime pay from getting it anymore. There are millions of people who get time and a half in overtime pay if they work over 40 hours. But that will be a thing of the past. Under the new rules, you won’t get any extra money after 40 hours. And the new rules are confusing the daylights out of employers. The new rules were designed to deal with the new face of jobs and employment in today’s society. In the past, people worked in stricter businesses and usually were in one job for most of their lives. People were often overworked and did not get paid. So, the Fair Labor Standards Act was passed, making it illegal for people to work more than 40 hours without OT pay. Today, people work from home or work more flexible hours, and the line between work time and leisure time is fuzzier. But people are used to the old way, and that includes employers. Many employers don’t even know this new law is going into effect. If you are one of them, research the topic and talk to your Chamber of Commerce to understand it better. But basically the rules are about as clear as mud right now. The only clear rule is that people who are making under $25,000 a year are now eligible for overtime. Most everyone else will not be eligible.
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