The Soapbox

BocaHoo91

Joined: 06/03/2005 Posts: 31275
Likes: 52979


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.


(In response to this post by Hoos Operator)

Posted: 05/19/2016 at 10:12AM



+4

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Current Thread:
 
  
Obama's Overtime Chimera -- Hoos Operator 05/19/2016 09:37AM
  Neither side is interested. Congress never was ** -- cvilleHOOrat 05/20/2016 07:19AM
  Incorrect (I think) -- fishhoo 05/19/2016 2:04PM
  Yes - I am partially wrong -- fishhoo 05/19/2016 3:25PM
  If the admin is going down this path... -- Stimp 05/19/2016 4:38PM
  For the record -- fishhoo 05/19/2016 4:59PM
  No argument from me in general -- fishhoo 05/19/2016 7:44PM
  That is my understanding as well. ** -- Hokie5150 05/19/2016 5:02PM
  This one is up there as one of the more -- fishhoo 05/19/2016 11:59AM

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