2 years ago
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A Change in Who Gets OT Pay
Overtime pay changes might be coming your way! Currently, companies are able to not pay for overtime if a worker is salaried and making more than a certain amount (in the $23,000 range), overtime does not have to be paid for extra hours. There are changes in the works that would raise this threshhold to somewhere in the $40,000 range so that workers making less than $23,000 annually cannot be cut out of being paid overtime simply because of how their company calls them--salaried versus annual!
If you love your job, and work more than the required 40 hours, you might end up making something closer to minimum wage (or, lower) when overtime hours aren't required to be clocked or paid for.
What do you think about this change? Overall, I think it's a good proposition, but I worry about how it would affect those who are currently considered salaried but end up being considered hourly workers after the change. Their morale and benefits may suffer: salaried workers often have the ability to take off time midday for appointments, or to schedule themselves a bit more freely. If they are considered hourly workers, management of their time may become more strict, preventing them from using this time and forcing them to take vacation hours instead.
What are you thoughts?
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