Tip Tuesday! Why DOL’s new OT rules may not increase pay

by Christian Schappel

The DOL has said it expects its new overtime exemption rule changes to make roughly 4.6 million workers eligible for OT, resulting in bigger paychecks. But is that really what’s going to happen? 

Talk to just about anyone who’s not in the Obama Administration, and the answer you’ll get is “no.”

While the rule changes, which President Obama ordered the DOL to make, may sound good to members of the voting public who’d like to make more for working above and beyond the standard 40-hour workweek, it’s unlikely employers will take the changes lying down.

Attorneys and consultants nationwide have been quick to point out that the vast majority of employers won’t just hand over the $1.5 billion in extra wages the DOL estimated could be generated from the rule changes.

Click here for entire article.