It’s almost the holiday season, which could mean longer hours for your employees. So what will you do when the standard overtime salary threshold jumps from $23,660 to $47,376 on December 1? Will your salaried employees be eligible for time-and-a-half? It’s time to find out. To minimize overtime costs, you’ll also want to look closely at whether these employees should be reclassified.
The Department of Labor’s new overtime rule might initiate some awkward conversations with your previously exempt salaried workers. The trouble is that, in order to pay them overtime, nonexempt but salaried workers will need to start tracking their work hours—and some of them may not be happy about this. (more…)
Colonial Manor, a skilled nursing and assisted living facility in Columbus Junction, Iowa, has been a TMS customer for more than a decade. In January 2016, the Centers of Medicare and Medicaid Services (CMS) mandated that all Long-Term Care (LTC) facilities must submit quarterly Payroll-Based Journals (PBJ) reports beginning in July. PBJ reports must be specified in a midnight-to-midnight calendar day format regardless of skilled nursing care shifts. This creates problems for LTC facilities which are 24-hour operations with shifts that cross over midnight to the next day.
Colonial Manor proactively looked for and found a solution in the new PBJ feature of their existing time tracking software, TMS Attendance Enterprise. The PBJ feature automatically formats the necessary data in the correct midnight-to-midnight format without changing the way Colonial Manor tracks employee time or calculates its payroll.
Is overtime a problem for your business? The new overtime legislation could make it an even bigger problem come December. The minimum salary threshold for overtime exemption will more than double on December 1, 2016, making some salaried employees newly eligible for time-and-a-half overtime pay. Now is a great time to conduct an overtime audit to find out what your business can handle.
