Dear Franchisees,
In May, President Obama with the Department of Labor made some changes to labor laws governing overtime pay and compensation. These changes are scheduled to go into effect this December. The Department of Labor has set up a dedicated website [1] to help small business owners understand how these changes will affect employees.
To help you understand what these new rulings are and how they may impact your business, we have created a general statement and a list of FAQs. Please review this document [2] in addition to visiting the Department of Labor website addressing these changes [1] to ensure you are in compliance with the new laws. As a reminder, we also strongly encourage you to check your local state laws as your state may have stricter laws than the federal government.
If you have legal questions, we highly encourage you to consult with a labor law attorney familiar with your local state laws. Otherwise, please direct questions, comments, or concerns to support@mathnasium.com [3].
1 Comment To "Overtime Pay and Labor Law Changes"
#1 Comment By Cheryl Mizzer On September 30, 2016 @ 6:17 am
Special note to anyone considering changing a salaried exempt employee to hourly, you have to include nondiscretionary bonuses in the overtime calculation. Be sure to read all the fine print on the law changes, there are a lot of details surrounding the upcoming changes. Best regards!