DOL’s Overtime Rules: Another Job/Flexibility Killer
Friends of IWV know that Obamacare’s burden on employers has been destroying jobs, and creating particular hardship for those with lower incomes.
As IWV’s Vice President for Policy, Carrie Lukas, writes in the new policy focus, new overtime rules from the Department of Labor are also creating a new burden on businesses which will backfire on workers. As Carrie explains:
The Department of Labor recently issued new rules governing how employers must compensate employees for hours worked in excess of 40 hours per week. The new rules dramatically increase the number of workers who must qualify for overtime, and therefore must have their hours tracked.
Supporters of the new rule claim that it will be a boon to workers, putting more money in their pockets. However, many workers will be worse off under the new overtime rules, which will discourage flexible work arrangements, create costly administrative requirements for businesses, and constrict opportunities for many workers. Workers currently guaranteed a set salary regardless of the number of hours worked will now face the prospect of lower pay if they are unable to work enough hours.
There are better ways to help ensure that workers are fairly compensated.
Click here to read more about this important issue. We need a flexible, dynamic work environment that allows people to find a jobs and compensation packages that work for them. One-size-fits-all isn’t working in health care, and it won’t work for our workplaces either.