The New DOL Overtime Rules are Coming. Big Companies Take Action – Are You?

Posted by cregerlaw on

By: Christina M. Reger 

A recent article from Philly.com summarizes how Vanguard Group recently reclassified 2,100 of its employees from exempt (salaried) to non-exempt (hourly) in response to the recent proposed changes to the Fair Labor Standards Act, which employment lawyers expect to go into effect in 2016. 

If you were waiting to see what the big companies are doing to address the proposed regulations, here is your sign. They are acting in anticipation of what is to come. Don’t wait until the laws are in effect, or worse, until you get that lawsuit, to take action. Now is the time to consider your workforce and make the appropriate changes. 

If you have questions, or would like to discuss the matter further, please contact me. 

For a complete copy of the article, please visit: 

http://www.philly.com/philly/blogs/inq-phillydeals/Vanguard-2000-workers-to-overtime-list.html#cpRUUVaTkj0FLvuj.03