Mid-Missouri business owners concerned over new overtime rule

8 months 3 weeks 3 days ago July 01, 2016 Jul 1, 2016 Friday, July 01 2016 Friday, July 01, 2016 6:21:00 PM CDT in News
By: Sheila Wang, KOMU 8 Reporter
loading

COLUMBIA - Millions more American workers will be eligible for overtime pay under a new federal ruling starting Dec.1. Mid-Missouri business owners shared their thoughts on the potential impact.

The new rules double the annual salary threshold of overtime pay for salaried workers from $23,660 to nearly $47,500.

Several mid-Missouri area employers said the rule is well-intended, but they worry about the unintended consequences.

"It decreases stability that salary offers managers where some company might have to switch from salaried to hourly employees," said Richard Walls, owner of the Heidelberg.

Walls is a member of the mid-Missouri chapter of the Missouri Restaurant Association

"Restaurants operate on very thin margins, so anytime you increase the cost, you're gonna have to increase the price of the food delivered, the price of food served, or you have to decrease the hours worked," Walls said.

He said it's also going to be very hard to calculate the working hours for some of the employees, such as those who work from home.

Matt McCormick, president of the Columbia Chamber of Commerce, agreed with Walls.

"We'd really got to take a look at even our own staffing, is how do we juggle that schedule now that we don't have everybody work over 40 hours a week," McCormick said.

He said the impact would be bigger on small businesses.

"A lot of time, large businesses might have an entire HR department or resources to use. So it's really looking at our small businesses and the struggles are gonna be there, and what they're gonna have to walk through to figure out," McCormick said.

The chamber currently has more than 1,100 members, and about 88 percent are small businesses.

The CEO of Pulse Medical Staffing Dan Lantham said he's supportive of the new overtime rules.

"I think it's a very good thing for employees from the standpoint where they are gonna make more money when they do work overtime hours. They're taking time away from families, friends and your life to work overtime hours. So you should be compensated for that," Lantham said.

Lantham had been a service worker for decades before establishing his company. He said overtime payment has always been very important to him.

But he said implementing the new rule is not going to be easy.

"I think it's just gonna slow growth on some of those companies. And that's kind of hard to mid-Missouri because we're usually economically impacted from those changes," Lantham said.

McCormick said the chamber has started to discuss how to cope with the new rule. He suggested other small businesses do the same.

"We might even go back to people have to clock in and clock back out, which a number of people have not done for a very long time," he said.

McCormick said business owners are welcome to consult the chamber if they need help with the new overtime pay rule.

 

 

 

 

 

More News

Grid
List
COLUMBIA - During his time as athletic director at the University of Missouri Mike Alden oversaw a little bit of... More >>
1 hour ago March 26, 2017 Mar 26, 2017 Sunday, March 26 2017 Sunday, March 26, 2017 2:35:00 PM CDT in Sports
ST. LOUIS (AP) — About 1,000 of St. Louis' delinquent properties are expected to face the wrecking ball to create... More >>
2 hours ago March 26, 2017 Mar 26, 2017 Sunday, March 26 2017 Sunday, March 26, 2017 1:13:10 PM CDT in News
OZARK, Mo . (AP) — A southwestern Missouri man is accused of sexual misconduct involving a teenager who investigators say... More >>
3 hours ago March 26, 2017 Mar 26, 2017 Sunday, March 26 2017 Sunday, March 26, 2017 12:20:00 PM CDT in Continuous News
FORSYTH, Mo . (AP) — Authorities said a southern Missouri man told investigators he was either sleepwalking or dreaming when... More >>
5 hours ago March 26, 2017 Mar 26, 2017 Sunday, March 26 2017 Sunday, March 26, 2017 10:25:00 AM CDT in News
COLUMBIA - Officers said a suspect is on the run after a robbery at an Extended Stay America Saturday night.... More >>
17 hours ago March 25, 2017 Mar 25, 2017 Saturday, March 25 2017 Saturday, March 25, 2017 10:39:11 PM CDT in News
COLUMBIA - A hearing for Sturgeon Police Chief Greg Halderman will take place on Monday. On the week of... More >>
20 hours ago March 25, 2017 Mar 25, 2017 Saturday, March 25 2017 Saturday, March 25, 2017 7:16:00 PM CDT in News
LINN - State Technical College in Linn opened up its campus to recruit prospective students and to show off what... More >>
23 hours ago March 25, 2017 Mar 25, 2017 Saturday, March 25 2017 Saturday, March 25, 2017 4:49:00 PM CDT in News
COLUMBIA - The Boone County Fire Protection District said Saturday it is conducting a search and rescue at the Katfish... More >>
23 hours ago March 25, 2017 Mar 25, 2017 Saturday, March 25 2017 Saturday, March 25, 2017 4:37:00 PM CDT in News
ST. LOUIS (AP) — Two men each are jailed on $750,000 bond after being accused in connection with the St.... More >>
1 day ago March 25, 2017 Mar 25, 2017 Saturday, March 25 2017 Saturday, March 25, 2017 3:38:00 PM CDT in News
COLUMBIA - Two semi trucks and two cars were part of a wreck Saturday that closed westbound I-70. The... More >>
1 day ago March 25, 2017 Mar 25, 2017 Saturday, March 25 2017 Saturday, March 25, 2017 3:23:00 PM CDT in Top Stories
JEFFERSON CITY, Mo. (AP) — The Republican-led Missouri Legislature will get back to a business-friendly agenda when it returns from... More >>
1 day ago March 25, 2017 Mar 25, 2017 Saturday, March 25 2017 Saturday, March 25, 2017 12:35:00 PM CDT in News
ST. LOUIS (AP) — A St. Louis man has been sentenced to life in prison without the possibility of parole... More >>
1 day ago March 25, 2017 Mar 25, 2017 Saturday, March 25 2017 Saturday, March 25, 2017 10:54:00 AM CDT in News
CLAYTON, Mo. (AP) — An activist who helped shut down a St. Louis-area freeway during protests commemorating the first anniversary... More >>
1 day ago March 25, 2017 Mar 25, 2017 Saturday, March 25 2017 Saturday, March 25, 2017 10:45:00 AM CDT in News
ST. LOUIS (AP) — St. Louis police say a 15-year-old boy was killed and six other people were critically wounded... More >>
1 day ago March 25, 2017 Mar 25, 2017 Saturday, March 25 2017 Saturday, March 25, 2017 10:41:00 AM CDT in News
COLUMBIA – A group of local artists hosted a fundraiser Friday night, giving people people the chance to view works... More >>
1 day ago March 25, 2017 Mar 25, 2017 Saturday, March 25 2017 Saturday, March 25, 2017 5:40:00 AM CDT in News
COLUMBIA – Columbia businesses are coming together to encourage community members to lead healthy and balanced lives. Keystone Chiropractic... More >>
1 day ago March 25, 2017 Mar 25, 2017 Saturday, March 25 2017 Saturday, March 25, 2017 5:28:00 AM CDT in News
OVERLAND PARK, Kan. (AP) — Officials in a Kansas City suburb where a fire destroyed a multimillion-dollar apartment building under... More >>
1 day ago March 25, 2017 Mar 25, 2017 Saturday, March 25 2017 Saturday, March 25, 2017 4:30:30 AM CDT in News
SPRINGFIELD (AP) — Police say a man arrived at a Missouri hospital with his lips apparently glued together after coming... More >>
1 day ago March 25, 2017 Mar 25, 2017 Saturday, March 25 2017 Saturday, March 25, 2017 4:19:00 AM CDT in News
Columbia, MO
Broken Clouds 58°
4pm 57°
5pm 57°
6pm 58°
7pm 59°

Select a station to view its upcoming schedule:

Coming Up Next

2:00p
PGA Tour Golf
6:00p
Little Big Shots
7:00p
Little Big Shots
1:30p
Mommie Dearest
4:00p
La Bamba
6:00p
Mystic Pizza

Tonight's Schedule

7:00p
Little Big Shots
8:00p
Chicago Justice
9:00p
Shades of Blue
6:00p
Mystic Pizza
8:00p
Marvel's Agents of S.H.I.E.L.D.
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld