Lake Business Magazine, 4th Quarter 2016

Page 16

ON THE CLOCK? NEW OVERTIME AND WORKER CLASSIFICATION CHANGES GO INTO EFFECT DECEMBER 1ST S TO R Y T H E R E S A C A M P B E L L

A local attorney advises small business owners to take steps to prepare for new overtime and worker classification changes that go into effect Dec. 1 regarding their white-collar, salaried employees. “Most small business owners have no idea that just because you pay someone a salary, and even if it’s a good salary that both of you are happy with today, that doesn’t automatically mean that you are complying with federal law,” says Zachary Broome, a partner of Eustis law firm Bowen & Schroth.

Broome says it’s vital for employers to understand the new Fair Labor Standards Act (FLSA) rules because it will affect how they pay some of their employees. “The increase is doubling and that’s pretty radical,” he says. “There are going to be some people not paying attention to the salary change; they may be caught unware.” The minimum wage salary for professional, executive, administrative employees, including IT technicians and computer engineers, has been raised from $455 a week to $913

16 LAKE B US I N E SS MAGAZ I N E.COM


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