Operating a Profitable Restaurant – Episode 13

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On March 13, 2014, President Obama signed a Presidential Memorandum directing the Department to update and modernize the regulations defining which white-collar workers are protected by the FLSA’s minimum wage and overtime standards. The salary level test is supposed to help identify salaried workers who are entitled to overtime pay when they work long hours. The current salary level is outdated and no longer does its job of helping to separate salaried white-collar employees who should get overtime pay for working extra hours from those who should be exempt. Through this Final Rule, the Department is updating these regulations to ensure that the FLSA’s intended overtime protections are fully implemented; and, to simplify the identification of overtime-eligible workers, thus making the exemption easier for employers and workers to understand and apply. These revisions will also help ensure that in the future the regulations continue to appropriately separate workers who are entitled to overtime protections and those who may be exempt.

In this episode of Operating a Profitable Restaurant, RASI Partner and Strategic Development Officer, Matt Vannini, takes a moment to sit down with Secret Sauce‘s CFO, Emily Biederman to discuss the implications of the new OT ruling which becomes effective on December 1, 2016. It’s an undeniable fact that the Final Rule will affect restaurants in a massive way. Countless operators have been in a tizzy trying to navigate the DOL’s ruling while learning how they can stay afloat with the amount of hourly workers the industry accounts for. In today’s discussion, Matt and Emily run the gamut of all things overtime – from salary strategy and compliance, to tracking OT, to bonuses and wages; they’ve got you covered.