So how is the new overtime pay going to affect employers? (jobs, companies)
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Location: Stuck on the East Coast, hoping to head West
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Quote:
Originally Posted by CosmoStars
Glad to see it happening.
THe new overtime pay will improve work life balance for most employees.
I really hate seeing people being taken advantage of overtime with no extra pay
The bottom line is that most people need X amount of dollars to survive. All this will do is reclassify salaried people to hourly which will translate into less money.
This law will not force anybody to pay OT. Quite the opposite.
If work/life balance were the end goal, the law should have limited overtime HOURS for salaried workers. That would have made a meaningful difference.
The bottom line is that most people need X amount of dollars to survive. All this will do is reclassify salaried people to hourly which will translate into less money.
This law will not force anybody to pay OT. Quite the opposite.
If work/life balance were the end goal, the law should have limited overtime HOURS for salaried workers. That would have made a meaningful difference.
If there's a lot of overtime expected, people should get paid for it otherwise send them home.
No one likes to work long hours without being compensated for it.
The bottom line is that most people need X amount of dollars to survive. All this will do is reclassify salaried people to hourly which will translate into less money.
This law will not force anybody to pay OT. Quite the opposite.
If work/life balance were the end goal, the law should have limited overtime HOURS for salaried workers. That would have made a meaningful difference.
How will reclassifying people from salaried to hourly translate into less money?
You're right, this rule does not require employers to pay OT. Nor does it prevent employers from working people extra, But it keeps them from having it both ways. Either they let people go at 40 hours or they pay them for the extra hours.
Either way, that sounds as improved work/life balance to most. Either they have more leisure time or they have more money to better enjoy what leisure time they have.
Most people I know have no problem working extra hours (to a point) as long as they are compensated for it. What they have a problem with is working long extra hours and having nothing to show for it on their paycheck.
How will reclassifying people from salaried to hourly translate into less money?
You're right, this rule does not require employers to pay OT. Nor does it prevent employers from working people extra, But it keeps them from having it both ways. Either they let people go at 40 hours or they pay them for the extra hours.
Either way, that sounds as improved work/life balance to most. Either they have more leisure time or they have more money to better enjoy what leisure time they have.
Most people I know have no problem working extra hours (to a point) as long as they are compensated for it. What they have a problem with is working long extra hours and having nothing to show for it on their paycheck.
Pretty much this!!!
Stories like these are not uncommon.
Its about time they do something about it for once. Too many professionals are abused by the private sector rats.
For larger companies, I think the threshold is 29 hours now for health insurance.
Option A- 2 29 hour workers can work 60, total, hours with no benefits paid
Option B- hire 1 employee at more than double the cost, pay benifits, and require 20 hours overtime. Still costs more.
Option A- 2 29 hour workers can work 60, total, hours with no benefits paid
Option B- hire 1 employee at more than double the cost, pay benifits, and require 20 hours overtime. Still costs more.
I think most business owners will opt for A.
Even with option A, another person is employed who otherwise wouldn't be. It sure isn't perfect, but it's better than now.
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