CHELMSFORD, Mass.--(BUSINESS WIRE)--Kronos Incorporated:
Ahead of the official May 18 announcement from the Department of Labor (DoL) outlining the final rule for new overtime regulations under the Fair Labor Standards Act (FLSA), Joyce Maroney, director of The Workforce Institute at Kronos Incorporated, and Sue Meisinger, former president and CEO of the Society for Human Resource Management (SHRM) and former deputy under secretary for the Employment Standards Administration at the DoL, recorded a podcast discussion on how the changes will impact potentially tens of thousands of U.S. organizations and an estimated 4 million white-collar, salaried workers around the country.
Topics addressed in this FLSA overtime podcast include:
|-- An overview of the proposed FLSA overtime changes, why the DoL and Obama Administration are taking these steps, and how U.S. businesses will need to adjust their payroll practices to begin accurately tracking hours worked by salaried workers who earn less than the new $47,476 threshold;|
|-- How every U.S. employer across every industry will be impacted by these changes, with the hardest hit likely being those in retail and hospitality;|
|-- Potential unintended consequences of the new FLSA rule changes, including limiting work-life flexibility, straining employee engagement and manager-employee relationships, and sparking a white-collar debate over ‘What is work?’;|
|-- Ways employees and employers will mutually benefit if the rule becomes law; and|
|-- Critical first steps U.S. organizations should take to prepare for the looming Dec. 1 deadline.|
The Workforce Institute provides research and education on
critical workplace issues facing organizations around the globe.
By bringing together thought leaders, The Workforce Institute is
uniquely positioned to empower organizations with the knowledge
and information they need to manage their workforce effectively
and provide a voice for employees on important workplace issues. A
hallmark of The Workforce Institute’s research is balancing the
needs and desires of diverse employee populations with the needs
- Listen to other episodes of Workforce Institute Radio.
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About Kronos Incorporated
Kronos is the global leader in delivering workforce management solutions in the cloud. Tens of thousands of organizations in more than 100 countries — including more than half of the Fortune 1000® — use Kronos to control labor costs, minimize compliance risk, and improve workforce productivity. Learn more about Kronos industry-specific time and attendance, scheduling, absence management, HR and payroll, hiring, and labor analytics applications at www.kronos.com. Kronos: Workforce Innovation That Works™.
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