REDWOOD CITY, Calif., Sept. 14, 2016 /PRNewswire/ -- When it comes to compliance, overtime law is as complex as it gets. It varies by city and state, is oftentimes incredibly specific and subjective, and has been slow to adapt to an ever-changing workforce.
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Because of this, it's not surprising that mishandled overtime pay is the leading cause of labor litigation. Companies have spent $3.6 billion in penalties associated with lack of compliance in overtime.
On December 1, 2016, new overtime laws will go into effect to rectify the significant decrease in the percentage of workers eligible for overtime pay. This change will affect 60% of businesses and 4.2 million US workers, and will cost businesses an estimated $1.5 billion.
Our e-book will help you prepare for the new overtime rules with the following information:
- An overview of overtime compliance
- Reasons behind recent overtime law changes
- New regulation details
- How new overtime regulations affect your business
- How to effectively plan for this change
SOURCE Replicon
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