INTERNET MARKETING

 
INTERNET MARKETING

Types of Cyber Attacks Are Threatening Your Small Business Right Now

New Mexico enacts data breach notification Act

The new age of customer service...what do customers want

 
States With No Corporate Income Tax Rate
Ohio
Nevada
South Dakota
Texas
Washington
Wyoming
Key Economic Indicators
Item Rate
CPI: 0.3% (Mar 2017) 
GDP Growth: 1.2% (1st Qtr 2017)
Prime Interest Rate: 4%
Consumer Confidence: 120.3% (Apr 2017)
Small Biz Confidence: 104.7% (Mar 2017)
Avg Gas Price: $2.35

 





























































 

 

 

 

 

 

SMALL BUSINESS NEWS

17 Mar 2014

 

Email this page    

 

Updating Overtime Pay Rules

On March 13, 2014 the President issued a memorandum directing the Labor Department to update the Fair Labor Standards Act (FSLA) to revise and streamline the existing overtime regulations to increase the number of white collar workers who would qualify for overtime pay.

The FSLA which became law in 1938 stiuplates that executive, administrative and professional employees (white collar woarkers) were exempt from collecting overtime pay.

According to the Labor Department Fact Sheet in 1975 the Department of Labor set the threshold below which white collar workers were entitled to overtime pay at $250 per week.  In 2004 that threshold was set at $445 per week.

Based on the current threshold, today, only 12 percent of salaried workers fall below the threshold that would guarantee them overtime and minimum wage protections (compared with 18 percent in 2004 and 65 percent in 1975).

So far the Department of Labor has not specified when changes will be made to the FSLA regarding overtime pay.

Learn more about the Affordable Care Act.

Sources:
Department of Labor
Labor Department Fact Sheet
Presidential Memorandum


By Owen Daniels

 

 

 

 

 

 

 

 

 

 
 

 

  
 

INTERNET MARKETING

News Home

SBZ Home

 

  

     

                  Report broken links               Contact us              About us           Become a Contributor to this site            Link Exchange 

2012-2015 The Small Business Zone, Inc.  All rights reserved.