DWM Magazine reports that the Department of Labor’s proposed overtime rule would “raise the threshold under which salaried workers are guaranteed overtime pay from $23,660 a year to $50,440 a year in 2016,” and this is raising concern in the building industry. DWM Magazine notes that the National Association of Home Builders (NAHB) believes that the proposed rule could compel business owners to reorganize their workforces by cutting hours to avoid overtime, making salaried employees to hourly workers, and cutting back on pay and benefits. NAHB chair Tom Woods states, “In addition to construction supervisors, the proposed rule could affect other occupations in the industry, including sales representatives, administrative staff and local trade association employees.” Read more at DWM Magazine >
