Tuesday, June 30, 2015

New Overtime Regulations and the Avoidance Problem (VIDEO)

I posted a new video to Vimeo: New Overtime Regulation and the Avoidance Problem.


New Overtime Regulations and the Avoidance Problem from Philip Miles on Vimeo.

It's a brief overview of President Obama's Department of Labor's new proposed overtime regulations under the Fair Labor Standards Act (FLSA). Also, a brief discussion of the "avoidance problem.

NOTE: Lawyers are actually exempt from the salary requirement by a special carve-out (29 CFR 541.600)... so pretend Bob (my example in the video) is a store manager who oversees 2 or more employees instead (the "executive" exemption).