SHRM: DOL's NEW OVERTIME REGULATIONS WILL HURT EMPLOYEES AND EMPLOYERS
Changes are too aggressive
mean employers will lose control over compensation budgets.
Automatic increases to the salary level
doubling it is too much too soon.
While SHRM supports updating the salary level
flexible schedules that they say they want and need.
professional exempt status that they've worked hard to achieve.
will be forced to reduce critical services.
will actually force employers to cap or eliminate overtime hours - not increase them.
Increased eligibility for overtime
Nonprofits, state & local governments
and will double the salary under which employees are eligible for overtime.
Source: Society for Human Resource Management (SHRM) For interview opportunities with SHRM government affairs staff, please email: [email protected]
DOL announces major changes to overtime regulations
meaning millions of employees will be reclassified as hourly.