IFA Says New Overtime Regulation "Unnecessarily Meddling"
Company Added
Company Removed
Apply to Request List

IFA Says New Overtime Regulation "Unnecessarily Meddling"

IFA Says New Overtime Regulation

The International Franchise Association (IFA) is condemning a proposed overtime regulation rule from the Department of Labor that it says would dramatically increase the threshold for overtime pay and ultimately force thousands of employers to shift the pay status of their workers from salaried to hourly.

"This change is likely to have the opposite of its intended effect and will clearly harm more workers than it helps," said IFA Executive Vice President of Government Relations & Public Policy Robert Cresanti. "Millions of salaried workers will now become hourly and lose out on key benefits such as workplace flexibility and long term advancement opportunities. This is just the latest example of the Obama Administration unnecessarily meddling in the everyday management of small businesses."

Under the proposed rule, the Obama Administration would nearly double the current threshold for overtime pay from $23,660 to $50,440 for workers working more than 40 hours per week. A public comment period will allow concerned entities and business owners the opportunity to weigh in on the proposed change and provide real world perspective, something the Obama Administration's proposed rule seems to lack. Small business franchise owners are already expressing their concerns.

"This is a very unfortunate and consistent pattern that will prevent many employers from hiring more workers and expanding their businesses. IFA will continue to aggressively oppose this proposed regulation throughout the public comment process," added Cresanti.

Published: July 7th, 2015

Share this Feature

Smoothie Factory
Smoothie Factory
Smoothie Factory

Recommended Reading:


comments powered by Disqus
Big Blue Swim School


Caesar's Forum, Las Vegas
SEP 1-4TH, 2020

There's nothing quite like the perfect cup of coffee. It wakes you up and gets you on the right path. Now, you've got the chance to build a lifestyle...
Cash Required:
Request Info
Get A Piece Of The Booming Cannabis Market Without Headaches.
Cash Required:
Request Info

Share This Page

Subscribe to Multi-Unit Franchisee Report

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2020.
All Rights Reserved.