IWLA is taking swift action by joining a coalition of business owners who are united against the U.S. National Labor Relation Board’s (NLRB) new extended overtime exemptions to salaried workers under the Fair Labor Standards Act. The increase doubles the salary exemptions from $23,660 a year to $50,440 per year by 2016.
As previously reported in July, much of the business community is shocked at the severity of the increase, leading many business owners to resort to reducing salaries in order to account for these additional costs. IWLA has joined the Partnership to Protect Workplace Opportunity (PPWO) Coalition to support this message.
According to the PPWO website: “The Partnership to Protect Workplace Opportunity (PPWO) consists of a diverse group of associations, businesses, and other stakeholders representing employers with millions of employees across the country in almost every industry. The partnership’s members believe that employees and employers alike are best served with a system that promotes maximum flexibility in structuring employee hours, career advancement opportunities for employees, and clarity for employers when classifying employees.”
To date, the WPPO has formally requested a 60-day extension to the comments period for the proposed overtime rules claiming that the “current time period does not provide adequate time to analyze the rulemaking.”
Stay tuned for more updates on the overtime rules and WPPO.