March 13, 2014, 12:29 p.m. EDT
Will Obama’s overtime plan create more part-time jobs?
Quentin Fottrell write in his recent MarketWatch piece, ”Under current rules, many companies don’t have to pay overtime to salaried workers who make more than $455 per week (roughly $24,000 a year). The Obama administration is expected to direct the Labor Department to raise that threshold, according to a report in The Wall Street Journal Wednesday.”
As I told Quentin, “We will see companies working to bring this work in on a contract basis instead of a salaried basis” to avoid paying overtime, says Steve Langerud, workplace consultant and principal of Steve Langerud & Associates in Grinnell, Iowa.