What happened to the biggest paycut in history?

by | Sep 16, 2004 | Uncategorized

I know it’s early, but the SHRM website reports: “In fact, no example of significant loss of overtime eligibility at any company has surfaced to date, say proponents of the new rules, including, of course, officials in the DOL. They say that based on media reports that they have seen—assuming, of course, that others in the media have correctly interpreted the complicated regulations—some people are gaining overtime pay. So if the DOL initiative amounts to “the biggest pay cut in American history,” as Rep. George Miller, D-Calif., recently called it, workers are certainly taking it in stride. … …. “This sort of dispels some of the critics’ doom and gloom” predictions and tactics, Alfred B. Robinson, acting head of DOL’s Wage and Hour Division, told HR News. “Anecdotally, the information we’ve received based on press reports is that people are gaining overtime protection” rather than losing it in substantial numbers. A letter distributed Sept. 8 by Reps. John Boehner, R-Ohio, and Charlie Norwood, R-Ga., cited more than two dozen articles reporting that employers are re-classifying their workers from exempt to non-exempt status, making them eligible for the extra pay.”

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