How 84% of small businesses are responding to the OT rule delay
Are the bulk of your peers using the new OT rule delay to avoid making the changes that were slated to kick in by December 1, or are they pushing ahead as if nothing has changed?
That’s a question Manta, an online resource for small businesses, attempted to answer with a recent study.
The study asked 1,170 small business owners about their reaction to the blocked overtime law as well as whether they planned to go forward with their firms’ compliance plans as if the injunction didn’t happen.
Full steam ahead
And the survey provided some surprising results.
An overwhelming majority (84%) of small business owners said they plan to go ahead with salary changes or reclassifying employees as if the overtime law took effect. Just 16% of the employers that crafted compliance plans to deal with the new regs won’t implement the changes now that the regs are on hold.
Another surprising find was employers’ feelings toward the injunction. When the OT regs were first introduced, most businesses had very strong opinions about the changes. In the study, however, 61% of small businesses said they were indifferent to the regs being blocked.
The remaining employers were either “relieved” (23%) or “frustrated” (15%) over the injunction.
Free Training & Resources
White Papers
Provided by Anaplan
Further Reading
College students can’t stand the 150 credit hour requirement to sit for the CPA exam. Employers are desperate to find the next wave o...
New Jersey’s Employer Response Portal for unemployment separation reporting is now live, under P.L. 2022, c. 120 (S2357). Employer...
After payday, an employee flags a missing differential. HR sends the details to payroll, and the team begins retracing punches, schedules, ...
If any employees sustain injuries and can’t work, your company may end up compensating them. If so, take the time to double-check entries...
The rollercoaster ride continues as federal regulators reevaluate the current overtime rule and what it means to meet the salary level test...
Beware of auto pilot when issuing expense reimbursement checks to employees. Some, or all, of the money may technically be wages instead. ...