FederalOvertime

LawsC H E A T S H E E T F O R

H U M A N R E S O U R C E S , A C C O U N T I N G , & P A Y R O L L

Federal OT Rule

SALARY THRESHOLD $47,476

Anyone under this must be paid Overtime

DUTIES TEST

Employees must be Professionals, Executive or Managers,and Decision Making Administrators.

4.6 Million workers -Previously exempt

employees- Now qualify for overtime under

the new rule.

The Department of Labor has increased

violation fines 2 times in 6 months

$1,925 per violation

1 . P R O F E S S I O N A L S : H I G H L Y S K I L L E D I N D I V I D U A L S . S E M I S E L F -

E M P L O Y E D , O R H I G H L Y C R E A T I V E

- D O C T ORS , A T T ORN E Y S , ART I S T S , I N N O V A T ORS , C O M P O S ERS

WR I T ERS .

2 . E X E C U T I V E : M A N A G E S P A R T O F T H E B U S I N E S S , 2 O R M O R E

E M P L O Y E E S , O R A D I V I S I O N . H A S D E C I S I O N M A K I N G A U T H O R I T Y ,

P R I M A R Y D U T I E S A R E M A N A G E M E N T R E L A T E D .

3 . A D M I N I S T R A T O R S : A U T H O R I T Y T O E X E R C I S E I N D E P E N D E N C E

D E C I S I O N S O F S I G N I F I C A N T I M P O R T A N C E T O T H E B U S I N E S S .

- H U M A N RE S O URC E S , P A YRO L L , A C C O U N T I N G , D A T A B A S E A D M I N ,

I N T ERN E T M ARK E T I N G , P U B L I C RE L A T I O N S , QU A L I T Y C O N TRO L ,

PRO C URE M E N T

Most shift managers in Restaurants, Retail

Stores, and Fast Food won't pass the Duties

test for exempt employees.

Business Managers & Executives shouldUnderstand the importance of the new FederalOvertime Law.

BAD REPUTATION RISK

Companies who violate Overtime Rule can be foundthroughout the news: Wells Fargo, Uber, McDonalds

COSTLY FINES

In addition to penalties for each violation, each day,Companies have to pay for redress to the employee, whichcan be several times the cost of the damages.

1) Increase Salary to above threshold: If employeesmake around $45,000 or higher, consider increasingwages.

Remember that the threshold increases every 3 years.Can you afford to keep raising wages?

2)Move Employee to Non-Exempt: Consider how manyhours of overtime they typically work.

Can their workload be offset by reassigning tasks toexempt employees or hiring lower paid hourly staff?

E X A M I N E A L L E X E M P TE M P L O Y E E S M A K I N G U N D E R

$ 4 7 , 4 7 6

EducatedManagers &Employees

A B O U T T H E N E W F E D E R A L O V E R T I M E L A W S

Train, Educated, InformPROACTIVE IS BESTPreviously Exempt employees may feel demoted whenmoved to an hourly employee.

MANAGERS TO FIELD QUESTIONS

Prior ApprovalWhat is needed? What is Allowed? Exceptions?

OUTLINE THE COMPANY'S POLICY ON OVERTIME

Why do I have to punch a time clock? Doesn't the Company Trust me?

Time Keeping Systems

A R E A C O M P A N Y ' S B E S TD E F E N S E A G A I N S T F E D E R A L

O V E R T I M E V I O L A T I O N S

1 . A U T O M A T I C A L L Y T R A C K S : E M P L O Y E E H O U R S , O V E R T I M E H O U R S ,

P A I D T I M E O F F , & S I C K L E A V E

2 . D E C R E A S E S R I S K O F N O N - C O M P L I A N C E : A U T O M A T I C A L L Y ,

E L E C T R O N I C A L L Y R E T A I N S R E C O R D S A N D T R A C K S E M P L O Y E E

H O U R S .

3 . A S S U M E D G U I L T B Y D E P A R T M E N T O F L A B O R : I F T H E B U S I N E S S

H A S M I S S I N G O R I N C O M P L E T E R E C O R D S , T H E C O M P A N Y I S

A S S U M E D G U I L T Y O F L A B O R V I O L A T I O N S .

M A N U A L T I M E S H E E T S A R E M O R E E A S I L Y M A N I P U L A T E D , A L T E R E D ,

L O S T , A N D M I S P L A C E D .

For More Information on

Federal Overtime Laws

CLICK HERE or go to

http://bit.ly/2iKukMj

C L I C K H E R E

INFORMATIONON

TIMEKEEPINGW W W . S W I P E C L O C K . C O M

O R C L I C K H E R E

THANKS FOR VIEWING!

Written by Annemaria Duran