In the business world, laws and regulations are constantly changing. Recently, amendments have been proposed regarding the Fair Labor Standards Act (FLSA) and they are expected to pass in 2016. If these changes pass, as many as 11 million American workers will be effected.
The FLSA regulates minimum wage and overtime laws. On June 30, 2015, the US Department of Labor released proposed changes to nearly double the salary threshold. If this amendment is approved it will not only effect employee salary, but workers will be entitled to receive increased overtime pay as well.
Adam Hersh is an attorney at Hunter Business Law, the Entrepreneurs Law Firm, where he helps to legally protect and advise small businesses. Adam not only stays informed on Employment Law, but also provides educational seminars on this topic, in order to help his clients avoid the pitfalls that many employers overlook. In his latest E-book, Adam details the importance of avoiding overtime violations and how employers should prepare for the proposed changes to the FLSA. More specifically, Adam explains that although an employee is on salary it doesn’t mean the employee is not entitled to overtime; and furthermore, how misclassifications of employees can cost employers because the unpaid overtime can be doubled as a penalty.
In order to avoid overtime fees, which can easily escalate to six figures for a single employee, employers must be aware of which employees are exempt or non-exempt from overtime. Employers should have proper timesheets to record overtime for their employees who are non-exempt.
To learn more about how the proposed FLSA changes will affect your business download the E-book today. Follow Adam on Twitter and visit Hunter Business Law’s website to learn more about the #EntrepreneursLawFirm.
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