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Switzerland: providing services and travelling for business
Guidance for UK businesses on rules for selling services to Switzerland.
UK lands trade deal with South Korea to boost jobs and exports
UK lands momentous trade deal with South Korea to boost jobs and exports
New laws bring the world of work into the 21st century
Over 15 million people across the UK are expected to benefit as the Employment Rights Act receives Royal Assent.
Brilliant Borders: Kenya's Customs goes digital
A new app will save time and money for big businesses and small traders alike, as a longstanding Kenya-UK partnership further improves cross-border trade.
Yorkshire family brewery taps into new export opportunities with Government guarantee
UKEF support helps Wold Top brewery to expand its exports into new markets.
U.S Department of Labor to announce new overtime rule by summer
The Department of Labor is proposing a rule that could benefit almost five million workers in the first year. The rule would allow workers earning less than $50,440 a year to be guaranteed overtime pay, if they work more than 40 hours. The current threshold is $23,660.
The amendment to the Fair Labor Standards Act (FLSA) would allow workers earning less than $50,440 a year to be guaranteed overtime pay, if they work more than 40 hours. The current threshold is $23,660.
The Department of Labour’s goal is for hard workers to receive fair compensation, as it was noted “a convenience store manager, fast food assistant manager, or some office workers may be expected to work 50 or 60 hours a week or more, making less than the poverty level for a family of four, and not receive a dime of overtime pay”.
The National Retail Federation expects that many employers will try and avoid costs by reducing workers’ hours or hiring more part-time workers.
The Florida Chamber of Commerce said in a statement the new federal overtime proposal will likely hurt business in the state rather than help. So far, more than 10 regional chambers of commerce have voiced their opposition to overtime changes.
The Department of Labor has received nearly 300,000 comments on the proposed rule, and is reviewing feedback with aims to announce the final rule by July 2016.
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