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FLSA changes – Do it “Your Way,” but Do it Now

July 6, 2016

Recently I engaged in the now annual ritual of meeting with our marketing interns for a Q&A session. Opening the meeting, I asked them to tell me their name, school, major and their life’s ambition. I heard “start a company,” “move to New York City,” and a simple “be happy.” At the end of the meeting, someone asked me “What’s your one biggest piece of advice,” and “what’s your biggest regret?”

Hmmm… The first one was easy. “I think Megan gave you that one earlier. Be happy.” Regrets… I’ve had a few. But then again… You know the rest of that song, and if you don’t, here you go. Anyway, I answered that I’ve wanted to write a book for a while now, and if I get to the closing credits and haven’t done it, I will regret that.

There are some things we shouldn’t procrastinate on, and being compliant with the law is right up there. In the case of the impending FLSA rule changes on a new, higher minimum salary threshold for “exempt” employees, the deadline is coming up December 1, so the time to address the issue is NOW. Why now? Well, it’s estimated the average wage and hour settlement is in the $6.9 million range. I pulled that number from this excellent Forbes article on steps you can take to prepare.

Of course if you’re a Kronos Workforce Central (WFC) user, we can assist during the different stages of your planning and remediation:

  1. FLSA Impact Assessment Support
    A Kronos system expert participates in your cross-functional team meetings to answer the Kronos “what if” system & configuration questions, and provide specific system data as you go through your compliance planning.
  2. WFC System Assessment
    Once your compliance plan is determined, your Kronos consultant will define the supporting system changes, plan, and budget to implement them.
  3. Kronos Implementation
    In collaboration with your team, the changes are implemented and tested to meet the December 1, 2016 compliance deadline.

Sure, you could procrastinate on this one, but you’ve got 6.9 million reasons not to.

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