Proposed Overtime Reform Could Affect 2016 Budgets

Nonprofits (and businesses of all types) have until September 4, 2015, to provide comments on proposed changes to overtime rules. The Labor Department has proposed raising the standard minimum level for salaried workers, as well as the standard salary minimum for highly compensated employees. No surprise here:  this could have huge implications for your overhead costs. The Council of Nonprofits has put together a good summary of the proposal, as well as developed a series of questions to help you conduct your own mission-based analysis of what these proposed changes would mean to your operations and staffing decisions. Now is the time to analyze what the changes could mean for your organization and constituents, and voice any concerns before a final decision is made!

 

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