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Benefits September 27, 2004
Overtime Eligible Workers on the Rise
September 27, 2004 (PLANSPONSOR.com) - Almost 50% of
large companies have increased or will boost the number of
employees getting overtime under the new federal wage-hour
regulations, a survey found.
Reported by Fred Schneyer
The HR Policy Association survey found that nearly all employers (98%) have initiated compliance with the new regulations issued under the Fair Labor Standards Act (FLSA). Among those companies, 48% said that they would treat more employees as eligible for overtime, while 49% said that there would be little or no change and no companies reported that they would treat fewer employees as eligible for overtime, a news release said.
“Our members are baffled by those who claim that millions of workers will be denied overtime because of the change in the rules,” said HR Policy Association President Jeffrey McGuiness, in the press release. “The survey confirms what we have been hearing anecdotally for some time now, that more employees will start receiving overtime, not less, and that the rest will experience little or no change in the way they are treated,” he said.
More than 100 companies employing more than 6 million workers participated in the survey, which was conducted September 15 to 22.The association represents senior human resource executives of Fortune 500 companies.