Bush's overtime regulations take effect

iVillage Member
Registered: 06-17-2004
Bush's overtime regulations take effect
28
Tue, 08-24-2004 - 1:32am
* 5.4 million salaried workers, who under the previous regulations were unsure if they should be paid overtime, get an ironclad guarantee of overtime rights under the final rule — regardless of their job duties.

* 1.3 million salaried white-collar workers, who were not entitled to overtime pay under the previous regulations, will now be entitled to either overtime pay or higher salaries.


* The changes guarantee overtime to an employee working 50 hours per week managing a restaurant for $15,600 per year; a worker putting in 60 hours a week managing a department store for $18,000 per year; an employee working 42 hours a week supervising a machine shop for $17,000 per year.


* Fraternal Order of Police National President Chuck Canterbury praises the new rules. The regulations... clarify why these employees, regardless of their rank or pay level, cannot be classified as executive, administrative or professional employees, and thus be exempted from receiving overtime pay. In addition, the Department acknowledges that the right to overtime compensation may be extended to some public safety employees who are currently classified as exempt because of changes to the regulations.


"Where others were content to ask the Department to say in its final rule only that 'no expansion of law enforcement exemptions is included in or intended by the new rules,' the Fraternal Order of Police said 'today's public safety work is more unique than ever before, and the final regulations must account for the challenges faced by our nation's first responders in the post-9/11 environment,''" Canterbury said. "The final regulations achieve that goal."



http://www.nationalreview.com/kerry/kerryspot.asp


 


Renee ~~~

Renee ~~~

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iVillage Member
Registered: 09-29-2003
Tue, 08-24-2004 - 11:34pm
We are in California.......



 


Mich

iVillage Member
Registered: 04-16-2004
Wed, 08-25-2004 - 10:25am
I read somewhere (I think the NYT) the other day that currently about 5.6 million people currently qualify for overtime benefits (maybe I read that wrong, if so, please correct me).

If that is the case, then how can 6 million people be losing their overtime benefits?

I am a little confused by this issue, as I personally dont know enough about it.

iVillage Member
Registered: 04-16-2004
Wed, 08-25-2004 - 10:27am
I read that part of the reason that companies are not hiring more people, especially full time people, is that the costs of the benefits they must provide are going out of control, including Workers Compensation (which by the way is a total joke if you have ever tried to go out on that due to an injury).
iVillage Member
Registered: 04-22-2003
Wed, 08-25-2004 - 11:33am
Right, and since the hiring full time increases the headcount, it affects the share value. A contractor is an expense like table or chair which can be used in tax deduction.
iVillage Member
Registered: 04-16-2004
Wed, 08-25-2004 - 12:01pm
So is a full time employees salary, along with the benefits.

I am missing your point.

iVillage Member
Registered: 04-22-2003
Wed, 08-25-2004 - 12:07pm
I was just adding to your point. Big corporations are not that much affected by paying the benefits, but full time employees affect their sharevalue negetively, so they prefer contractors. That's all. I was not trying to contradict you.
iVillage Member
Registered: 04-16-2004
Wed, 08-25-2004 - 4:10pm
I see...sorry for the confusion.

I know one of my friends said it was less expensive to hire two people to work 30 hour shifts, instead of hiring one person on a 40 hour shift.

It is a pretty sad testament.

iVillage Member
Registered: 04-16-2004
Thu, 08-26-2004 - 11:17am
Never lost my independent stance.

I like to play the roll of the balance sometimes.

When I see posts that attack people for things they are not responsible for, I try to call them out.

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