New Overtime Rules Affect Small Businesses
Ignoring it could cause employee reporting errors and potential lawsuits
Saint Cloud, FL (May 19, 2016) – In a report that was released yesterday, the US Department of Labor has released new Overtime Rules that could make a difference in how wages are reported and overtime computed. In essence, an employee making less than $47,476 per year is required to be paid overtime, even if they are salaried.
Another key point in the new rules is that this number will now be automatically adjusted every 3 years based upon a number of factors.
This rule was implemented in spite of the mostly one-sided record against the rule. For more information, click the link below.
WISPA is a membership-driven trade association that promotes the development, advancement and unity of the fixed wireless Internet service provider industry. WISPA has over 800 members that support WISPA’s advocacy, education and other collaborative industry initiatives. For more information, visit www.wispa.org.
L. Elizabeth Bowles
WISPA Promotions Chair
Tel: (509) 307.7777