- Joined
- Aug 20, 2014
- Messages
- 2,932
- Reaction score
- 657
- Location
- Shady Dale, Georgia
- Gender
- Male
- Political Leaning
- Very Conservative
One of the things that I enjoyed myself when I was a district manager starting out in the newspaper business was the flexibility offered by my salaried exempt position. Were there weeks that I worked more than forty hours? You bet there were. When I took over my district, I worked in excess of sixty hours a week to get it straightened out but once it was under control? There were many weeks that I took Friday off or only worked a few hours a night. My job was to get all the routes out. The paper didn't care how long that took me to accomplish. It was nice having a consistent salary.
Now, that flexibility will be gone for many entry level and midlevel managers. President Obama's Administration is going to put out a new policy raising the threshold for salaried exempt positions to $47,476 a year which is more than double the current $23,660. It sounds like a good thing, right? I don't think all the managers that will be moving to hourly wages and scheduling will think it is. Many businesses have slow times of the year. This has always been a plus for the salaried exempt entry level managers that they weren't impacted financially by the slow times. That is about to change.
This week, one of the managers at one of our properties took off four days this week to attend her son's graduation. She worked about 15 hours this week. Imagine what a hit that would be? She worked extra last week and plans to next week with her director's approval. They won't have the flexibility soon. Thanks Obama. Let's be honest, this Administration and the left will do anything it can to screw over businesses (job creators).
Now, that flexibility will be gone for many entry level and midlevel managers. President Obama's Administration is going to put out a new policy raising the threshold for salaried exempt positions to $47,476 a year which is more than double the current $23,660. It sounds like a good thing, right? I don't think all the managers that will be moving to hourly wages and scheduling will think it is. Many businesses have slow times of the year. This has always been a plus for the salaried exempt entry level managers that they weren't impacted financially by the slow times. That is about to change.
This week, one of the managers at one of our properties took off four days this week to attend her son's graduation. She worked about 15 hours this week. Imagine what a hit that would be? She worked extra last week and plans to next week with her director's approval. They won't have the flexibility soon. Thanks Obama. Let's be honest, this Administration and the left will do anything it can to screw over businesses (job creators).
The Obama administration will unveil a new rule Wednesday that would make millions of middle-income workers eligible for overtime pay, a move that delivers a long-sought victory for labor groups.
The regulations, which were last updated more than a decade ago, would let full-time salaried employees earn overtime if they make up to $47,476 a year, more than double the current threshold of $23,660 a year. The Labor Department estimates that the rule would boost the pockets of 4.2 million additional workers.
The move caps a long-running effort by the Obama administration to aid low- and middle-income workers whose paychecks have not budged much in the last few decades, even as the top earners in America have seen their compensation soar. The last update to the rules came in 2004, and Wednesday’s announcement is the third update to the salary threshold for overtime regulations in 40 years.
https://www.washingtonpost.com/news...ible-for-overtime-pay-under-new-federal-rule/