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Labor regulations set to go into effect on December 1 will require employers to pay overtime to most workers who are paid less than $47,476 annually.
Legislation that would slow the enactment of some of the provisions of the overtime rules set to take effect in December received loud and instantaneous applause from the National Retail Federation.
The Overtime Reform and Enhancement Act was introduced in the U.S. House of Representatives yesterday by Oregon Democrat Kurt Schrader. The representative's proposal would slowly phase in the current regulations, which are set to take effect this fall. The NRF said in a news release that the Act would curb some of the "substantial damage" that the NRF believes will happen as a result of the new rules. The NRF believes that they'll force employers to cut employee hours and/or base pay to allow for added payroll costs mandated by the new rules.
"The Labor Department's changes to the overtime threshold are too much, too fast for both employers and employees to adjust to without serious negative consequences for both," said David French, NRF Senior Vice President for Government Relations. "The Schrader bill addresses the 'too fast' part of the problem and we support it."
When those labor regulations take effect Dec.1, employers will have to pay overtime to most workers paid less than $47,476 a year if they put in more 40 hours a week. Currently, that threshold is set at $23,660 annually. The new regulations also call for automatic increases to that salary maximum every three years.
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Cassie has over five years of digital and traditional media experience. She joined NLA after working as a television news producer in both Milwaukee and Chicago, and now specializes in aligning strategies across the board for her clients, ultimately building buzz and telling compelling stories through content marketing, social media, digital campaigns and traditional PR.
Cassie has a Bachelor of Arts in Broadcast and Electronic Communications from Marquette University. In her spare time, Cassie enjoys traveling and exploring what new cities have to offer in addition to spending time with her friends and family.
