The Department of Labor’s or DOL new overtime rules are set to go into effect on December 1st. To help you sort out the requirements and navigate your own situation, the AIA has published a number of overviews.
See the recent AIA articles below along with a DOL fact sheet:
- This is how the new overtime rule will affect you and your firm
- Coming Soon to a Design Firm Near You: Major Changes to Overtime Rules
- New Overtime Rules: What to Know and How to Prepare
- DOL Overtime Rules Fact Sheet
In addition, the AIA just co-sponsored a webinar hosted by K&L Gates about the overtime rules and how to deal with them. You may access the webinar by clicking here: http://cc.callinfo.com/play?id=1p1fy
Remember, planning is key and December 1st will roll around quickly. You need to determine how exactly the overtime rule will impact your firm, based on its size, location, and other factors. In addition, you will need to consider how other businesses with which you subcontract may be impacted by new labor costs so that any changes may be incorporated into your business projections.
For questions on the DOL Overtime Rules, please contact Alex Ford, Manager, Federal Relations at the AIA, at 202-626-7442.