Recently Industrial Career Pathway® (ICP), the initiative we support to attract new talent to jobs in Industrial Distribution (ID), participated in USA Today’s Manufacturing and Skills in America campaign.
With the deadline for the new overtime rules rapidly approaching – they go into effect December 1 – many employers are looking at converting salaried/exempt employees to hourly in order to stay in compliance with the new, higher pay threshold of $47,476 a year.
NBMDA members are invited to enter the Savings4Members Fall for 4 Sweepstakes for a chance to win a Harman Kardon bluetooth wireless speaker, DeWAat tool set, $200 WEX Mastercard and $100 Panera Gift Card.
Effective December 1, any salaried (a.k.a. “exempt”) employee earning less than $47,476 will either need to be reclassified as hourly/non-exempt (and eligible for overtime) or receive a pay increase to the new minimum threshold.