The Department of Labor (DOL) has given businesses advanced notice so, they can prepare their organizations in time and being compliance with the upcoming December 1, 2016 when the new overtime rules takes effect. And, to that end, the system you are using should allow you to automatically record overtime for exempt employees at certain salary levels and job profiles. To some extent that may be easier said than done, because we are not referring to spreadsheets here as that mode of tracking of paying employee won’t cut it, especially, if the Department of Labor (DOL) comes knocking on your door.
When these new overtime rules take effect companies need to ensure they have:
- Implemented the necessary changes within their time attendance system to accommodate the overtime rule changes. If by chance, your system is archaic to begin with, this might be the perfect time to deploy a solution that not only meets all of those requirements, is robust and flexible enough grow with your organization.
- Taken the necessary steps to determine the salary threshold and which employees qualify for overtime pay. The U.S. Department of Labor Fair Labor Standards Act has a plethora of information, from which you can glean. If you are in the hospitality and/or retail industry, for example, you will need to figure out how this is going to impact your organization. Typically, managers in those industries and others work an inordinate amount of hours per week-but with the new rule employers will have to limit workers hours to 40 per week.
- Used all the available resources at their disposal by ensuring tracking of employee hours is done accurately, hence, those clunky punch clocks and spreadsheets are simply not going to cut it anymore.
An effective time and attendance solution will accurately track employee hours, vacation and other leave management requirements, and provide real-time reporting analytics. Moreover, ATS cloud computing solution can quickly adhere to— work rule compliance, collective bargaining agreements (CBA), and will quickly adapt to the eligibility rules for exempt and non-exempt workers. So, if the Department of Labor comes knocking after December 1, 2016 you will have at your disposal, all required information.
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