Changing the overtime threshold was never going to be easy but pausing the rule complicates things in a big way. Do employers undo what was already done – take back their promises of a salary increase or eligibility for overtime? How will employees deal with the news? What does the law allow?
The Timesheets Small Business Blog Posts
The new overtime rule employers have begrudgingly prepared for and employees have eagerly awaited over the last several months received a nationwide injunction by a Texas judge, Tuesday.
This news comes only 10 days before the DOL’s new rule was scheduled to go into effect and after many businesses had already started preparing for it.
The rule was challenged by 21 states and over 50 business groups and, while a federal judge in Texas reviews the potential impact of president Obama’s overtime rule, the deadline is on hold. With the Trump administration taking over the DOL in January and a republican held congress, it’s conceivable that rule will undergo some changes, but what those might be is anyone’s guess.
For now, businesses are advised to continue to make plans, assuming some kind of change to the overtime threshold will take place.
Today, businesses have a world of talent within their reach. Remote-working is becoming more common, particularly in the United States. More than 3.6 million Americans work from home at least half the time now, as do millions of other professionals around the world.
After this week’s elections, the majority in four states voted to raise the minimum wage in their states. Colorado, Maine, and Arizona will raise the minimum wage to $12 per hour by 2020 and Washington will raise it to $13.50 by 2020. This will affect 2.2 million workers.
Employees that have been salaried for many years or decades are probably oblivious to labor rules for non-exempt employees. Employees that are eligible for overtime have to be careful to record every minute worked. This will probably mean adding some new habits to the work routine.
Hiring new employees is always a gamble. It’s hard enough to figure out if a candidate is a good fit from a professional point of view – a list of skills and previous work experience can only tell you so much – but it’s even harder to spot a candidate who might become a troublemaker.
Calculating the sale price of an item is one of the few math problems that most people will actually use after high school. Nevertheless, many of us don’t know how to do it. Not knowing what the price will be at checkout is frustrating. And not knowing how to help customers is even more frustrating. Thankfully, there are some tricks to make it easier.
You can set up automated mobile and email notifications with Timesheets.com so that you get a text or email when certain things happen with your workforce.
For example, some managers want to know when employees come and go. We’ll let you know about this. We’ll also let you know when payroll is approaching so your don’t forget to pay your employees on time, and many other important events.
The Timesheets.com QuickBooks integration uploads time tracked in Timesheets.com straight into your QuickBooks company file with a couple clicks of the mouse. Your time can be tracked against employees, contractors, customers, jobs, service items, classes, and payroll items.
Thousands of businesses will potentially be switching millions of employees from salary to hourly status in response to the new overtime rule. While companies must be compliant by December, getting started now is a good idea because the process is not as simple as flipping a switch. New hourly rates need to be figured out, companies need to decide on an approach to time tracking for these new workers, and employees need to be trained.
If you are a small business owner, you’ve probably hired a freelancer by now for something. Participating in the gig economy is nearly unavoidable at this point since so many workers have transitioned to working independently. According to research done by Freelancers Union & Elance-oDesk, there were 53 million Americans or 34 percent of the US workforce that worked as freelancers in 2014.
Trust is not automatic. If it were, we could get ourselves into real trouble sometimes. The self-preservation instinct can make us skeptical, especially if we’ve been burned before, but staying skeptical won’t do us any good either. Building trust with workers and developing positive relationships can help a company succeed.