Industry alarmed about overtime pay rule
The U.S. Department of Labor (DOL) recently submitted revisions to the Fair Labor Standards Act (FLSA) that would raise the salary threshold for earning overtime pay. Presently, only those employees making less than $455.00 per week are eligible for overtime compensation. The DOL’s new rule increases this eligibility minimum to any employee making less than $913.00, an increase that many in the security industry and on Capitol Hill feel will put a financial strain on businesses, which are supposed to comply by DOL’s implementation date of Dec. 31, 2016.
ESA has actively spoken out against DOL’s overtime rule, and ESA president Marshall Marinace said that ESA “objects strenuously” to the legislation, as it “will have a real consequence on employees not anticipated by the DOL.”
ESA supports efforts of Rep. Virginia Foxx (R-NC) and Sen. Lamar Alexander (R-TN), who recently introduced joint resolutions to block implementation of the Overtime Rule. Senate Joint Resolution 34 was introduced on June 7, 2016, and was referred to the Senate Committee on Health, Education, Labor, and Pensions. In addition to Senate Majority Leader Mitch McConnell (R-KY) as a cosponsor, the resolution has already attracted over 43 senators to support its passage. The House version, House Joint Resolution 95, has been referred to the House Committee on Education and the Workforce with 22 House members as cosponsors.
“Our nation’s overtime rules need to be modernized, but the Department of Labor’s extreme and partisan approach will lead to damaging consequences that the American people simply cannot afford,” Rep. Foxx said. “This resolution will protect workers, students, small business owners, and vulnerable individuals from a rule that will do more harm than good.”
SSN would like to hear what you, our readers, think of the overtime rule, including the possible impact it could have on your businesses.
Note: SSN continues to report on this story. Please check back for an interview with ESA government relations director John Chwat.