Create a free Industrial Equipment News account to continue

NAM: We Don't Need More Regulatory Burdens & Compliance Costs

The largest manufacturing association in the U.S. sounds off on proposed new overtime rules.

I Stock 1457699828

The U.S. Department of Labor proposed a new rule that would change exemptions for overtime eligibility under the Fair Labor Standards Act. The regulations would require employers to pay overtime to salaried workers who make less than $55,068 a year. The rule could have a substantial impact on manufacturing management.

In response, National Association of Manufacturers (NAM) Managing Vice President of Policy Chris Netram issued the following statement:

“Manufacturers have spent the past several years adapting operations and personnel management resources to meet the evolving needs of their workforce in a post-pandemic environment, including through improved wages and benefits and productive workplace accommodations. The DOL’s proposed rule would inject new regulatory burdens and compliance costs to an industry already reeling from workforce shortages and an onslaught of other unbalanced regulations.

“Creating new regulatory processes and imposing additional mandatory costs will act as a drag on the sector and upend productive employer–employee relations. We look forward to expressing our concerns with this proposal directly to the DOL and administration leaders as the process moves forward.”

NAM is the largest manufacturing association in the U.S. and an advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs.

More in Regulation