In March 2010 the Department of Labor (DOL) issued an Administrator's Interpretation (AI) declaring that mortgage loan officers are hourly workers subject to overtime pay and not exempt employees on a salary or commission schedule. Just this past month, however, a federal jury concluded that 350 mortgage loan officers employed by Quicken Loans are indeed [...]
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If you find yourself reclassifying your employees as non-exempt (from previously being exempt), then you could end up in deep legal doo-doo like the Michigan Bell Telephone Company. Reason? It doesn’t take employees long to figure out that, if they’re doing the same jobs as exempt as when they were non-exempt, then they were probably [...]
Read the rest of this entry »The Department of Labor (DOL), in issuing an updated regulatory agenda this past week, announced it was considering a major change in its approach to enforcement. Instead of letting businesses play what it called a "catch me if you can" game, the DOL said it will issue regulations requiring each company to develop and implement [...]
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