Ted Hollis Gives Perspective on New DOL Rule to Make More Workers Eligible for Overtime Pay
Ted Hollis, a Quarles & Brady Labor & Employment partner in the firm’s Indianapolis office, shared insights in an Associated Press article addressing recent federal efforts to outlaw noncompete agreements and extend eligibility for overtime pay to more salaried employees. Hollis discussed the potential legal challenges to the overtime pay eligibility changes and offered advice on how businesses can best prepare for them.
An excerpt:
“I would expect there will be some legal challenges,” said Ted Hollis, a partner at the law firm Quarles & Brady. “When the Obama administration published its proposed rule in 2016, that was almost immediately challenged in court.”
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“Some are going to have to cut workers,” Hollis said. “Others will have to cut hours from existing workers. “Some are going to have to raise prices, and some probably won’t be able to figure out a way to make it economically work and wind up having to shut down, unfortunately.”