The Department of Labor announced its new proposed rule for white-collar overtime pay right as thousands of HR pros were meeting in Las Vegas at the Society for Human Resource’s 2015 Annual Conference. Needless to say, it instantly became agenda item No. 1. Here’s some of the reaction at SHRM to the DOL’s bombshell:
Managing C-Suite expectations
Almost without exception, business executives recoiled in horror at the proposed rule. They worry about spiraling payrolls—unless hours, schedules, staffing levels, rates of pay and exempt/nonexempt classifications can be adjusted to stanch the fiscal bleeding. That puts new pressure on HR.
“Expect your CEO, CFO and COO to come to you soon and ask you to make it all cost-neutral, which won’t be easy. This is a massive change. Look at your job descriptions; that’s a key part of this.” —Mark Toth, chief legal officer, Manpower, Inc.
Converting salaried jobs to hourly
Some em...(register to read more)