Need clarification

[dan148]

What is the name of your state?Fl

I just read something interesting the business section online of my local newspaper, however I am a bit confused. I will paste it here and at the bottom will be my question.

"However, they all endorse one change: Lifting the weekly earnings cap used to qualify low-wage (exempt) managers automatically for overtime to $455 a week from the current $155, unchanged for nearly 30 years. So managers making less than $455 as opposed to $155 will now qualify for overtime despite their management duties. The labor department estimates that 1.3 million "low-wage" managers will benefit. Some experts predict the change will affect managers mostly in the South and Midwest"

Does the above article mean that any salaried (exempt) manager who recieves a salary of $455 per week or less will now be eligible for OT after working more than 40 per week?? Is that how I am reading this?

 

[cbg]

Not quite. What it is saying is that anyone who makes less than $455 per week, no matter what their job title or duties, will not qualify to be exempt. Therefore, they will automatically become non-exempt and will have to be paid overtime for any hours over 40 in a week.

 

[dan148]

Not quite. What it is saying is that anyone who makes less than $455 per week, no matter what their job title or duties, will not qualify to be exempt. Therefore, they will automatically become non-exempt and will have to be paid overtime for any hours over 40 in a week.

Thank you, If and when you some time can you please take a look at this article and sum it up for me. I will send payment for your time if you would like (serious).


http://www.sun-sentinel.com/business/local/sfl-816overtime,0,253161.story?coll=sfla-business-front

 

[cbg]

No need to send payment, Dan, although I appreciate your thinking of it.

If you don't mind, though, I'm going to wait till tomorrow morning to review the article. It's been a long day today and my mind isn't as sharp right now as it might be. There's a fair amount of controversy about this particular issue and I don't think I'm up to trying to define it clearly at this hour. I don't have any client appointments tomorrow so I'll have plenty of time then.

Dan, let me ask you something, and I'm going somewhere specifically with this. Do I understand correctly that you are the manager of a restaurant? If so, is it a chain or is it an independently owned facility?

 

[dan148]

No need to send payment, Dan, although I appreciate your thinking of it.

If you don't mind, though, I'm going to wait till tomorrow morning to review the article. It's been a long day today and my mind isn't as sharp right now as it might be. There's a fair amount of controversy about this particular issue and I don't think I'm up to trying to define it clearly at this hour. I don't have any client appointments tomorrow so I'll have plenty of time then.

Dan, let me ask you something, and I'm going somewhere specifically with this. Do I understand correctly that you are the manager of a restaurant? If so, is it a chain or is it an independently owned facility?

I used to work for a large chain, then I owned my own restaurant for 3.5 years. Now I am working for another chain. The company I work for now is in the process of building there 43rd location in Fl with 5 more slotted for 2005. However, the same company I work for also owns one of the largest liqour store chains in the east, and has been around since the 60's. So they are fairly large, relatively speaking....Why do you ask?

 

[cbg]

I was just wondering if there was a corporate HR office where you were.

Not because I was going to refer you to them - I'm perfectly happy to answer your questions. That's why I come to this site - to answer people's questions. But I'm always on the lookout for potential clients!

 

[dan148]

I was just wondering if there was a corporate HR office where you were.

Not because I was going to refer you to them - I'm perfectly happy to answer your questions. That's why I come to this site - to answer people's questions. But I'm always on the lookout for potential clients!

I see, we do have a corporate office, and a very strict and aggressive one at that seeing that we/the company own a liqour packaging store as well as a restaurant. So my company has more stricter rules and regulations than just a restaurant would. As a matter of fact my company has 2 attorneys that work soley for them 5 days a week 8 hours a day in the corp. office on the payroll.

However, If my wife and I should open another restaurant (if I can convince her that I won't be stupid this time) than I will definently keep you in mind...

 

[cbg]

Hopefully Freeadvice won't object!

 

[cbg]

Dan: I've reviewed the article and it's taking the long way around to say the following:

1. The laws regarding who can and cannot be considered exempt from overtime are changing effective this coming Monday
2. Not everyone agrees that this is a good thing.
3. There will be some employees who will be eligible for overtime on Sunday and not on Monday
4. There will be other employees who will be not be eligible for overtime on Sunday and will be on Monday
5. It will be several months before we know for certain whether more employees win or lose.

If you need more detail, let me know what you need.

 

[dan148]

Dan: I've reviewed the article and it's taking the long way around to say the following:

1. The laws regarding who can and cannot be considered exempt from overtime are changing effective this coming Monday
2. Not everyone agrees that this is a good thing.
3. There will be some employees who will be eligible for overtime on Sunday and not on Monday
4. There will be other employees who will be not be eligible for overtime on Sunday and will be on Monday
5. It will be several months before we know for certain whether more employees win or lose.

If you need more detail, let me know what you need.

Thank you, No need to continue...
I'm sure I'll be commenting or asking you a question about something I read tonight. Again, Thanks

 

[cbg]

I'll be here! It's father-daughter bonding time tonight before my stepdaughter goes back to school next week, so I'll be on-line.