Proposed New Overtime Rule

Panicked calls and emails are coming in to Creative Business Solutions regarding the new overtime rule proposed by the Obama administration. Bottom line: is it good or bad? the answer depends on your company's numbers. How many in your employee base are in an exempt (salaried) status? How many are making less than $50,400 per year? Once you see these numbers, and calculate the probability of additional overtime compensation you will be providing, you may have a positive or negative opinion of this proposed rule. Below are two links with more information:

http://www.mizehouser.com/blog/proposed-changes-to-overtime-pay-looming-on-the-horizon/

http://www.usatoday.com/story/theoval/2015/06/30/obama-overtime-rules-huffington-post/29500349/

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Western Cooperative Electric
 
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