Article Archives >> Risk and Reward >> May 1-16, 2004
Preview of Article:
Our Risk and Reward column is contributed by the Nonprofit Risk Mangement Center in Washington D.C.
Classify With Care
Whether you’ve been keeping up with the public debate and wondering which “side” is telling the truth or ignoring the matter like a dreaded household chore, it’s time to take a look at the regulations and determine what actions are necessary.
This 3 page article expains the rules and provides tests to determine whether your employees are entitled to overtime.
Excerpt
The publication of the U.S. Department of Labor’s new wage
and hour regulations on April 21 received a mixed greeting. Some
groups claim that the new regulations will result in substantial
numbers of workers losing overtime benefits. Others, including the
Bush Administration, claim that large numbers of Americans will
now be eligible for overtime pay.
The reaction in the nonprofit sector was also mixed, but in a different
way. Some nonprofit HR directors and CEOs greeted the announcement
by simply vowing to review the regulations carefully in order to
make certain their organizations are in compliance. Most, however,
failed to notice the change.
Article Archives >> Risk and Reward >> May 1-16, 2004
What our readers say about Nonprofit Issues
Once again you've tackled a tricky question and explained it so we all can understand the issue.--M.V.
Thank you for your informative and keen advice on nonprofit matters. I believe its a unique and concise place to get answers to this often wispy area called nonprofit. --R.T.
