Have you heard?
This is a major one for HR professionals to watch. In summary, if this proposal becomes law, all salaried workers now earning between $23,660 per year and $50,400 per year will be overtime eligible for all work performed in excess of 40 hours per week.
If you are in a strategic HR role, you should begin thinking (if you haven’t already) about how your organization will implement this change. Do you hire more people to ensure that employees in this wage range do not work more than 40 hours a week? Do you raise your company minimum pay to some number above the $50,400 per year? Is this a good opportunity to promote work-life balance and how will that affect employee morale? What business processes do you need to review and take a Lean approach?
Of utmost fun for us HR folk… How do get out of the executive team meeting where the CEO completely flips out if this becomes law?
Lots to chew on with this move. Watch closely.