This month, the Department of Labor announced a proposal that would extend overtime protection to those who earn up to $970 per week, or $50,440 annual salary. Up from $23,660, the proposed rule would be a 100% increase.
One way remodelers might respond would be to switch salary employees to hourly, which would be a relatively simple fix given the nature of the business. If you do switch to hourly pay, electronic timekeeping may be the best management method:
"We suggest electronic, automated timekeeping systems to not only save you money, but to reduce error and save time. Studies have shown that companies who have adopted automated time and attendance systems have seen over a 50% decrease in payroll errors, which can be costly to resolve."
For more information on the proposed changes in overtime regulations, go to REMODELERS ADVANTAGE: