New Legislation Delays DOL Overtime Regulations
Company Added
Company Removed
Apply to Request List

New Legislation Delays DOL Overtime Regulations

 New Legislation Delays DOL Overtime Regulations

Congress has brought temporary relief for small business owners everywhere by passing H.R. 6094, the Regulatory Relief for Small Businesses, Schools, and Nonprofits Act introduced by Rep. Tim Walberg (R-MI). This legislation provides a six-month delay that will help America's 733,000 franchise establishments that employ nearly 7.6 million workers by delaying the implementation of the overtime rule until June 1, 2017.

"A six-month delay in implementation is the least Congress can do to ensure compliance with such massive change imposed by the Labor Department on small business owners and their employees," said IFA President & CEO Robert Cresanti, CFE. "We applaud Rep. Walberg and bipartisan members of Congress for recognizing the burden this rule places on franchises and how dramatically this will alter how businesses operate across the country, but urge them to take additional steps to mitigate the impact of the automatic increases imposed by the draconian rule."

The DOL's May 2016 final rule raised the salary threshold for exempt employees serving in executive or professional capacities, often known as the "white collar" exemption, from $23,660 to $47,476. By more than doubling the current salary exemption threshold and requiring businesses to comply before the end of the year, the DOL has issued a crushing burden to America's franchise business owners.

Cresanti added that "the passage of this legislation demonstrates the growing bipartisan concern with the extremely burdensome workplace regulations. The franchise business model is a proven job creator and career builder, but this rule will curtail advancement opportunities and hurt the very people it is intended to help."

Published: October 18th, 2016

Share this Feature

The Human Bean
SPONSORED CONTENT
The Human Bean
SPONSORED CONTENT
The Human Bean
SPONSORED CONTENT

Recommended Reading:

Comments:

comments powered by Disqus
Dunkin'
ADVERTISE SPONSORED CONTENT

FRANCHISE TOPICS

Edible Arrangements
ADVERTISE SPONSORED CONTENT
Conferences
Caesar's Palace, Las Vegas
AUG 31-3RD, 2021

Allow us to introduce you to the most exciting breakfast, brunch and lunch concept ever established in North America.
Cash Required:
$500,000
Request Info
The Joint® Chiropractic is reinventing chiropractic care. Our vision is to become the largest, most respected provider of chiropractic services...
Cash Required:
$100,000
Request Info

Share This Page

Subscribe to Multi-Unit Franchisee Report