Would you be surprised if we told you there was a recent regulation change that you need to keep up with to maintain compliance at your dealership? No, you probably wouldn’t be. Well, it may be yet another regulation change but it’s an important one to know about and act on.
The U.S. Department of Labor enacted a change to the overtime rule under the Federal Labor Standards Act (FLSA) which effects millions of employees who are no longer exempt from minimum wage and overtime pay eligibility.
If you haven’t begun updating your policies in accordance with the rule change, effective December 1, 2016, then there’s no time like the present. Here are the essential points you need to know and address to ensure you stay in compliance with this important change.