Wednesday, June 29, 2016

Quoted in Software Advice: $47,476: How to Prepare Your SMB for the Overtime Rule Change

Check out Brian Westfall's article on Software Advice: $47,476: How to Prepare Your SMB for the Overtime Rule Change. By far, the most important thing is that it includes a quote from me (and I provided some additional consultation) ;-) - but it's also a nice resource in its own right.

It also includes a cool little tool that let's you enter: (1) a current salary; and (2) the hours of overtime worked per week; and then spits out a reduced salary that - when accounting for the addition of overtime premium payments under the new rules - will equal the old salary. Obviously, it is somewhat limited because many employees will not work exactly the same amount of overtime every week; but it's a good ball-parking tool.

You can read my whitepaper New Department of Labor Overtime Regulations Limiting Exemptions here.