DOL Announces Final Overtime Rule

Marisa Mendez, ProSales Magazine
May 20, 2016
The National Lumber and Building Material Dealers Association issued a statement against the Department of Labor's just-released overtime final rule. The rule will raise the standard salary level for overtime to $913/week from $455/week effective Dec. 1 and require the salary threshold to increase every three years. 
The NLBMDA expressed concern for small businesses in a press release. "'DOL's final overtime rule may actually hurt the people it is designed to help,'" said NLBMDA Chairman Scott Yates, who serves as president and general manager of Denver Lumber Co. in Denver, Colorado. 'Lumber dealers fairly compensate their employees but the new rule could have unintended consequences causing a reduction in flexibility and advancement opportunities for employees.'"