When Ben Walker made the decision to move his five employees from salaried, exempt status to hourly pay so they’d be eligible for overtime, the CEO of Denver-based Transcription Outsourcing LLC consulted with an attorney, an accountant and his payroll department.
The fees? Less than $500 to reclassify the five workers and ensure the switch complied with the Department of Labor’s (DOL’s) new overtime regulations, which take effect Dec. 1.
