The most important point made by the article is the compliance
related costs of these changes.
"Meantime, businesses will have to divert money from wages or investment to redesign their compensation plans, implement timekeeping systems and educate workers on how to track their hours. Many local governments and nonprofits opposed the rule because of these costs."
This point is spot on. It's hard enough for small businesses to keep the lights on by just focusing on running their business successfully without throwing in a bunch of new regulations and compliance hurdles for them to also have to deal with. A good buddy of mine who owns a small business (that is very labor intensive) is about ready to throw in the towel and put his business up for sale. Complying with the ACA requirements was a major undertaking for him (he already provided insurance to his employees before the ACA). The proposed overtime changes won't necessarily kill his business, but it's yet another major overhaul he has to implement in his payroll/compensation/benefits process in response to a change by this administration.
Honestly, why ANYONE would want to start a small business in this environment is beyond me. There are way too many headaches from running a business to begin with, and then you also have all the administration induced headaches you have to deal with.
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In response to this post by Hoos Operator)
Posted: 05/19/2016 at 10:12AM