|March 24, 2017 | www.fisherphillips.com|
Over the last year, dealers have devoted most if not all of their attention to keeping their dealerships afloat. They've spent time cutting staff, combining job duties and slashing costs as they watched extraordinary events unfold in the automobile industry. That has not left much time to study what else is going on around them. It's not surprising that most dealerships have paid little or no attention to their wage-hour compliance since the economic downturn began. Unfortunately, many do not realize that the belt-tightening measures they have taken, coupled with the continued poor economy, has caused many of their employees to lose their exemption from overtime. As a result, many dealerships are now exposed to significant minimum wage and overtime liability at a time when they can least afford it.