Ungated Post | 20 May 2015
Rethinking Overtime
Today, some 3.3 million salaried workers across the US retail and restaurant industries can be exempted from the right to receive overtime pay because they earn at least $455 per week—the so-called overtime threshold. The Department of Labor is currently preparing a proposal that would change the rules that govern overtime payment.
To better understand the effects of these changes, Oxford Economics conducted an analysis using three possible modifications of the overtime regulation—raising the wage threshold to $610, $808, and $965 per week. This report explores the effects on the retail and restaurant industries under these three scenarios.
About the National Retail Federation
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. To find out more, please go to www.nrf.com.
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
To find out more about our capabilities, contact:
Americas
Diantha Redd
+1 (646) 503 3052
Email
Asia Pacific
Peter Suomi
+65 6850 0110
Email
EMEA
Aoife Pearson
+44 (0)203 910 8054
Email
Related Services
Post
Forecasting the Growth of Millennial Wealth in the U.S.
Consulting Report Rethinking Overtime You might be interested in
Find Out More
Post
The Economic Impact of SHEIN in the United Kingdom
Consulting Report Rethinking Overtime Quantifying SHEIN’s Economic Contribution and Support for local designers, artists, and businesses in the UK. You might be interested in
Find Out More
Post
Aviation: Benefits Beyond Borders 2024
Consulting Report Rethinking Overtime You might be interested in
Find Out More