Do your supervisors make $50,000?

first_img 18SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr by: Henry MeierIf not, then they can no longer be classified as exempt employees and must get overtime. According to this morning’s news reports, that’s the core part of proposed regulations updating the Fair Labor Standards Act to be released by the Obama Administration’s Department of Labor later this week.Under existing regulations, one of the conditions for an employee to be classified as exempt is that he or she makes a little more than $23,000. Critics point out that this threshold requirement is so low that it has allowed employers to contravene the intent of federal law by classifying an employee as the supervisor and expecting them to work 50-60 hour weeks without overtime pay. They argue that a $50,000 threshold simply adjusts the Act to where it would be had it kept pace with inflation.Opponents of this well-meaning but fatally misguided view correctly point out that a $50,000 threshold won’t increase the salary of many employees, but simply decrease the amount of hours existing employees work and, in a best case scenario, encourage the hiring of more lower-paid employees. continue reading »last_img read more

AC Milan striker’s agent plays down Chelsea and Liverpool transfer links

first_imgChelsea and Liverpool target Carlos Bacca is happy at AC Milan, according to the striker’s agent.The Colombia international has been in fine form this season and has 15 goals in all competitions.The 29-year-old only moved to the San Siro last summer, but there is already talk he could be off at the end of the season.Chelsea and Liverpool have both been linked with moves for Bacca, while Carlo Ancelotti reportedly wants to sign him for Bayern Munich when he takes over in the summer.However, the striker’s agent, Sergio Barila, claims that his client is very happy in Milan right now.“It’s nice that so many clubs in Europe are following him,” Barila told MilanNews.“It’s normal when these teams are looking for a great striker for next season. Bacca is one of the best strikers in the world, but he has a contract with Milan.“He’s very happy with the Rossoneri, he’s concentrated on the Coppa Italia final and the last few games of the season.” 1 Carlos Bacca [left] in action for AC Milan last_img read more