PRESS RELEASE
April 3, 2003
"objective risk management services"
Dallas, Texas - Employers are encouraged to visit the
Department of Labor website and review the
proposed changes to the rules governing overtime pay. The proposed changes,
announced March 27, were published in the Federal Register on March 31, 2003.
A 90-day comment period is now available.
It is important that employers understand that these changes do not require
Congressional action, and could be in effect as soon as late Fall.
"It is also important for employers to understand that the proposed changes would
effect their recruiting, payroll, management, and other systems", says Dr. John Allan,
President of The Integrity Center, Inc., Dallas, Texas. Overall, the Government
estimates that employers could face costs of $870 million to $1.57 billion to implement
the new requirements.
The 1938 Fair Labor Standards Act has not been updated in this regard in 28 years.
The Government estimates that 1.3 million additional low-wage workers will now
qualify for overtime pay, and over 600,000 white-collar workers will lose their
right to overtime pay.
The Integrity Center, Inc., founded in 1984, and
based in Dallas, TX, is a firm recognized nationally for employee background
checking, online employee files, and risk management, for business, industry and
government. The Integrity Center and its website are a rich source of current
information regarding the laws, procedures, and pitfalls in all areas of
background checking and personnel records.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
Director of Media Relations
The Integrity Center, Inc.
(972) 484-6140
info@integctr.com
|
|
