The Retail Industry Leaders Association (RILA) today signed a joint letter with 42 other trade associations and business groups that comprise the Partnership to Protect Workplace Opportunity to express concern over the Department of Labor's recently proposed federal overtime regulations. The letter was sent to Senate Subcommittee on Workforce Protections Chairman Tim Walberg (R-MI) and Ranking Member Frederica Wilson (D-FL) as they hold a hearing on the proposal today.
The Department proposed employee overtime regulations earlier this month that, if implemented, would more than double the salary threshold for non-exempt employees from the current level of $455 per week/$23,660 per year to $970 per week/$50,440 per year. This rule would reclassify an estimated four million employees.
"The Department's proposal largely undermines the flexibility, workplace autonomy, and growth opportunities currently offered by retailers," said Kelly Kolb, RILA's vice president, government affairs. "Rather than raising standards of living for employees or customers, these new rules would force employers to either raise prices to absorb a dramatic increase in labor costs or limit leadership opportunities."
Following the Department's proposal, it provided a 60-day comment period during which the regulated community may provide input.
RILA is the trade association of the world's largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs and more than 100,000 stores, manufacturing facilities and distribution centers domestically and abroad.