By Kate McGovern Tornone, Editor
A group of small business owners has asked the U.S. Department of Labor (DOL) to delay the effective date of the new overtime regulations by 6 months.
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The regulations, which more than double the salary threshold for the Fair Labor Standards Act’s (FLSA) overtime exemptions to $913 per week, are set to take effect December 1.
In a letter sent September 13, the National Federation of Independent Business (NFIB) requested a June 1, 2017, effective date as a compromise. The organization was careful to note that the request should not be construed as acquiescence to the rule and that it would prefer a complete repeal.
At the very least, however, small businesses should receive extra time to comply, it argued. “Large corporations with legal, financial, and personnel departments … may prove able to cope with the new Final Rule in a 25-week window of time,” said NFIB. “But the Department cannot reasonably expect America’s small businesses to match them.”