A proposed change in overtime pay rules that would make millions of more workers eligible for overtime pay would have a big impact on the retail and food industries.
The proposal, issued by the Labor Department,updates the Fair Labor Standards Act rules for executive, administrative and professional employees. It would make 3.6 million additional salaried workers eligible for extra wages, according to the Department.
The proposed regulation would require employers to pay overtime to salaried workers who are in professional, administrative and professional roles but make less than $1,059 a week, or about $55,068 a year for full-time employees. The current salary threshold is $35,568, which has been in place since 2019 when it was raised during the Trump Administration.
Source: Chain Store Age
Omni Talk is the retail blog for retailers, written by retailers. Chris Walton and Anne Mezzenga founded Omni Talk in 2017 and have quickly turned it into one of the fastest growing blogs in retail. 