A Major Change is Coming Your Way: Begin Now to Prepare for the New Overtime Pay Rules

by Brad Dean, president and CEO, Myrtle Beach Area Chamber of Commerce

The U.S. Department of Labor (DOL) has published final regulations that will significantly increase the number of employees who must be paid overtime. In a sweeping change of policy pushed by the Obama administration, these changes to the Fair Labor Standards Act (FLSA) will impact local businesses by requiring more overtime be paid, triggering broad reclassification of current positions and prompting increases in some current salaries.

It’s worth noting that your Myrtle Beach Area Chamber of Commerce did not support these changes. In fact, we remain opposed to this major shift in policy, as we believe it will harm the employees it is meant to help. Nevertheless, unless Congress can mount a successful effort to overturn the new rules (which is highly unlikely), these rules take effect Dec. 1, 2016. To protect your business and employees, now is the time to start preparing for the changes. Here are a few key changes that could impact your business:

  • The minimum annual salary required for full-time workers in the executive, administrative and professional (EAP) categories to be exempt from overtime is $47,476, i.e., $913 per week. If an employee in these categories makes less than this amount, they qualify for overtime. Yes, you read that correctly. The previous amount was roughly half that amount, which means many employees who were previously considered exempt from overtime will now qualify. And, that dollar amount will change. The DOL will adjust this figure every three years.
  • The minimum salary level for highly compensated employees to be exempt is now $134,004, a 34 percent increase from the current level.
  • Up to 10 percent of the annual EAP salary earnings can be met with nondiscretionary bonuses, incentives and/or commissions that are paid on a quarterly or more frequent basis. Annual bonuses do not count.
  • There are no substantive changes to the salary basis test nor the duties basis test.
  • The outside sales exemption still exists, preventing some sales positions to be exempt from overtime without consideration of the minimum annual salary.

As difficult as this may be to believe, these changes are actually better than what the administration had originally proposed. However, they represent a massive scope of change in the FLSA, which could stifle new job creation and place added pressure on small businesses in our area.

So, what can you do? If you disagree with these new rules, we encourage you to let our congressional delegation know. Unfortunately, there may be little the Congress can accomplish, so we urge you to take the appropriate actions to prepare your business for these sweeping changes. Here are a few basic steps to begin with:Review all employee classifications, especially those employees who are earning less than the new minimum for administrative, professional and executive categories. Some businesses may choose to simply bump up their annual salaries and avoid overtime altogether (albeit at a higher cost to the business). However, this is impractical or impossible for some businesses. Others may need to consider their labor management policies to curtail unanticipated overtime costs.

  1. Review all job descriptions to ensure that the duties and responsibilities accurately reflect the job and are in line with the new regulations.
  2. Plan to communicate any change in status to your employees. Changes in employment status could lead to unanticipated consequences in the workplace (such as disappointment about having less flexibility with their schedules as non-exempt employees), so be proactive in handling this with your employees.
  3. Seek wise counsel from trusted experts, including local attorneys and human resources professionals. Your Myrtle Beach Area Chamber of Commerce is offering two education sessions presented by local law firms: June 16 from 12-1 p.m. at the Myrtle Beach Area Chamber – register at ChamberAcademy.com. The second session is still in the planning stages for late June. Look for an email announcement soon.
  4. Learn more about the Overtime Pay Rules at https://www.dol.gov/whd/overtime/final2016

While we may not agree with these changes, we must deal with them. How you react now will determine how your business fares when the new rules go into effect on Dec. 1, 2016.

May 26, 2016 at 1:05 pm Leave a comment

Leading Business of the Month – Ultimate California Pizza Game Zone

Congratulations to Ultimate California Pizza Game Zone for being named Myrtle Beach Area Chamber of Commerce’s May Leading Business of the Month sponsored by South State Bank!

Ultimate California Pizza Game Zone has been a member of Myrtle Beach Area Chamber of Commerce since April 2010.

Sports, foogame_zone_logod and fun is what the Ultimate California Pizza Game Zone is all about. It’s the perfect place for families and kids of all ages, including the adults with a little bit of kid left in them. Enjoy their high energy and interactive games, then settle down for some of the best gourmet pizza the beach has to offer.

At the UCP Game Zone, you’ll find the latest in high-energy video and fast-paced interactive redemption games. And the Highway 66 Bowling and Lazer Frenzy attractions are a must-play.

Don’t forget the most important games, 30 big screen TVs with a full bar and kid-free zone to watch your favorite team or sporting event while enjoying an icy cold drink.

Ultimate California Pizza Game Zone also is a great place to hold your next event. The UCP Game Zone can help you host the perfect activity driven event for your business, birthday or holiday social with their famous Ultimate California Pizza food and service.

Everyone loves to have fun, and every event at the Ultimate California Pizza Game Zone promises loads of fun for everyone!LeadingBusinessMonthWeb

Ultimate California Pizza Game Zone
959 Lake Arrowhead Rd.
Myrtle Beach, SC 29572
(Located in the Galleria/Kroger shopping center)
843-449-1160

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Note: More than 150 children enjoyed pizza and games at Ultimate California Pizza Game Zone during last year’s Substitutes for Santa sponsored by gsSCENE for young professionals. UCP Game Zone has been hosting the holiday event for eight years.

About Leading Business of the Month
The first Wednesday of every month, Myrtle Beach Area Chamber of Commerce announces a Leading Business of the Month. This special promotion, sponsored by South State Bank, recognizes a company that has been a member of Myrtle Beach Area Chamber for a minimum of five years. The business is randomly selected. The company displays a banner at their place of business for one month recognizing them as the Leading Business of the Month. 

May 16, 2016 at 3:17 pm Leave a comment

Leading Business of the Month – Benji’s Bed & Breakfast

Benji's Bed & Breakfast LOGO2.Congratulations to Benji’s Bed & Breakfast for being named Myrtle Beach Area Chamber of Commerce’s April Leading Business of the Month sponsored by South State Bank!

Benji’s Bed & Breakfast has been a member of the Myrtle Beach Area Chamber of Commerce since May 2003.

Since 2003, Benji’s Bed & Breakfast has been serving the Grand Strand’s canine visitors as well as area residents. Benji’s offers dog boarding, dog grooming, dog day care, dog training and Dachshund breeding. Benji’s offers all the amenities to make your dog’s vacation enjoyable.

Benji’s Bed & Breakfast offers luxury dog boarding, doggie day care, full-service dog grooming, accommodations for senior dogs, and gifts for dogs and dog-lovers.

Benji’s five-star kennel facility provides a safe and fun experience for all of its guests.

Outdoors – Guests staying at Benji’s will enjoy frequent group play times in one of Benji’s play areas. Dogs are assigned to a play group that is suitable for their size, age, personality and activity level. Two of the play areas feature swimming ponds complete with waterfalls.

Indoors – An indoor lounge area with couches, a pool table and a big screen TV set provides a spot for owners to visit their dogs.

Benji’s day care for dogs provides area residents with a great alternative to leaving pets at home alone all day. Benji’s is open seven days a week for parents who are working. Doggie day care is a great way to relieve the boredom your dog may experience at home alone all day.LeadingBusinessMonthWeb

Stop by Benji’s Bed & Breakfast for a tour and a dog treat or two!

Benji’s Bed & Breakfast
295 Tiller Dr.
Pawleys Island, SC 29585
843-237-7117

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About Leading Business of the Month
The first Wednesday of every month, Myrtle Beach Area Chamber of Commerce announces a Leading Business of the Month. This special promotion, sponsored by South State Bank, recognizes a company that has been a member of Myrtle Beach Area Chamber for a minimum of five years. The business is randomly selected. The company displays a banner at their place of business for one month recognizing them as the Leading Business of the Month.

April 11, 2016 at 5:17 pm Leave a comment

Stop Talking About Breaches and Hacks and Start Restoring Actual Identities

Yes, the IRS breach is much worse than we thought, affecting nearly three times as many taxpayers’ identities as originally reported. And the hackers outing the identities of 32 million users of the infamous AshleyMadison.com, a website that helps married people have affairs, has revealed the Internet’s underbelly – the “dark Web” – is far uglier than imagined.

But what about the actual identities of those individuals affected by these and countless other hacks, breaches and situations where their identity is stolen? What can be done to restore an individual’s name and identity?

“Instead of asking why this is happening and why is it worse than initially thought, let’s talk about what we can do about it,” said Jeff Bell, CEO of LegalShield.LegalShield

“Nothing is 100 percent preventable, however, people need to know whatever happens there are ways they can restore their identity. We have Licensed Private Investigators on the job to do whatever it takes – including working the dark Web – to restore your good name,” Bell continued.

LegalShield partnered with Kroll, the global leader in risk mitigation and response solutions, to launch IDShield as the premier identity theft protection and restoration service in the country. IDShield is the only service that provides consumers with direct access to Kroll’s team of Licensed Private Investigators.

Kroll’s Licensed Private Investigators bring valuable insight and experience from a wide range of backgrounds. The investigators are full-time employees, coming from backgrounds such as law enforcement, counseling, banking, insurance, debt collection and more.

“Identity theft has been the number one consumer complaint filed with the Federal Trade Commission for 15 years straight,” Bell said. “These recent breaches prove it’s not only here to stay, but it could get worse. And victims are spending an exorbitant amount of time and money to deal with it.”IDShield Logo

The danger is no longer limited to credit card theft, but to the destruction of your entire identity. Even your children’s personal information is at risk; long before they have a credit card, their Social Security number can be stolen by thieves.

“People need to focus on protecting themselves for when – not if – their identity will be compromised,” Bell said.

IDShield members can rest assured they will be protected by pre-emptive monitoring, a $5 million service guarantee, and 24/7/365 emergency access to Kroll investigators. In addition, consumers can download an IDShield mobile app for their smartphone or tablet, providing one-click access to a U.S.-based advisor for assistance in handling both emergency and nonemergency issues.

Article submitted by Ann Palmer, LegalShield agent. To learn more about how to protect yourself and your family from identity theft visit LegalShield.com/info/mbacc.

 

March 29, 2016 at 1:09 pm Leave a comment

Leading Business of the Month – Myrtle Beach Pelicans

ConMBPelicansgratulations to the Myrtle Beach Pelicans for being named Myrtle Beach Area Chamber of Commerce’s March 2016 Leading Business of the Month
sponsored by South State Bank!

The Myrtle Beach Pelicans have been a member of the Myrtle Beach Area Chamber of Commerce since February 1998.

In 1998, a new home for a new ballclub was built and dubbed Myrtle Beach’s “Field of Dreams.” Baseball was officially back at the beach after a seven-year absence following the 1992 departure of the Myrtle Beach Hurricanes (Advanced-A affiliate of the Toronto Blue Jays).

The Pelicans debuted in 1999 and made an immediate impact by storming through its inaugural season.

Fast-forward to 2015. Last year was the 17th season for the Myrtle Beach Pelicans franchise and first as the Class A-Advanced affiliate of the Chicago Cubs.

Thanks to entertaining promotions, such as Christmas Vacation in July and Old School Hip Hop Night, the Pelicans welcomed an average of 3,877 fans through the gates of TicketReturn.com Field in 2015, setting a franchise record for the second straight season. The Pelicans drew 15 sellout crowds, and on three occasions, the club welcomed a max-capacity, standing-room-only sellout crowd of 6,599 fans.

In addition to their focus on the local community, the club worked to draw vacationers, specifically Cubs fans, to Myrtle Beach through several social media campaigns. LeadingBusinessMonthWeb

The Pelicans first home game is April 7. Buy your tickets and check out the game schedule for promotions and giveaways. We’ll see you at the ballpark!

Myrtle Beach Pelicans
TicketReturn.com Field at Pelicans Ballpark
1251 21st Ave. N., Myrtle Beach, SC 29577
843-918-6000

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About Leading Business of the Month
The first Wednesday of every month, Myrtle Beach Area Chamber of Commerce announces a Leading Business of the Month. This special promotion, sponsored by South State Bank, recognizes a company that has been a member of Myrtle Beach Area Chamber for a minimum of five years. The business is randomly selected. The company displays a banner at their place of business for one month recognizing them as the Leading Business of the Month.

March 29, 2016 at 1:09 pm Leave a comment

Leading Business of the Month – Flowers in the Forest

flowersintheforestCongratulations to Flowers in the Forest for being named Myrtle Beach Area Chamber of Commerce’s February Leading Business of the Month sponsored by South State Bank!

Flowers in the Forest has been a member of Myrtle Beach Area Chamber of Commerce since March 2010.

Happy birthday, congratulations, thank you, I love you, thinking of you, and of course, Valentine’s Day. Each day, millions of flowers are exchanged by people who want to send thoughtful regards to deserving friends and loved ones. Whether it is a birthday, holiday, wedding or any special occasion,  celebrate with flowers and plants from Flowers in the Forest.

With a variety of arrangements, Flowers in the Florist is here to serve your gift giving needs. Their stunning arrangements include gift baskets, plants and dish gardens, centerpieces, large arrangement, mixed floral collections, and much more. Each are professionally designed by award-winning staff who have earned a reputation of being extremely courteous and LeadingBusinessMonthWebexperienced, along with their emphasis on detailed planning.

Flowers in the Forest is more than just flowers! You can decorate your home or office with unique items, such as hanging baskets or sconces, and find stunning jewelry to add as a gift with your flower bouquet.

Stop by Flowers in the Forest for fresh, elegant and affordable arrangements for Valentine’s Day and any special occasion!

Flowers in the Forest
4999 Carolina Forest Blvd., Unit 11
Myrtle Beach, SC 29579
843-903-3553

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About Leading Business of the Month
The first Wednesday of every month, Myrtle Beach Area Chamber of Commerce announces a Leading Business of the Month. This special promotion, sponsored by South State Bank, recognizes a company that has been a member of Myrtle Beach Area Chamber for a minimum of five years. The business is randomly selected. The company displays a banner at their place of business for one month recognizing them as the Leading Business of the Month.

 

February 23, 2016 at 8:45 pm Leave a comment

Leading Business of the Month – Claire Chapin Epps Family YMCA

ymcalogosmCongratulations to Claire Chapin Epps Family YMCA for being named Myrtle Beach Area Chamber of Commerce’s January Leading Business of the Month sponsored by South State Bank!

Claire Chapin Epps Family YMCA has been a member of Myrtle Beach Area Chamber of Commerce since February 1998.

Claire Chapin Epps Family YMCA will leave you feeling strong, motivated, energetic and enthusiastic. It’s all part of the Y experience!

Start off by letting one of Claire Chapin Epps Family YMCA’s trainers take you through an easy series of tests to determine your current fitness level: resting heart rate and blood pressure; cardiovascular endurance; muscular endurance; flexibility; and body composition and circumference measurements. All of these are great indicators of health and will help you determine your areas of focus. Staff will help you set goals and plan the steps you need to take to reach them. And their free wealth and wellness orientations will guide you learning the fundamentals of exercise. Members will learn the proper use of the cardiovascular and strength equipment, as well as learn more about their group exercise programs. Even if you already have a routine, or want to try something new, this is for you.

Dive right into their heated 25-yard pool with four lap lanes and a zero depth entry fun pool with dump buckets and spray features. Members can take advantage of lap swimming, water fitness classes, swimming lessons and family recreational swimming times.

Next hop on a variety of cardiovascular equipment, including treadmills, bikes, recumbent bikes, stairs climbers and elliptical cross trainers.

Don’t forget to check out Claire Chapin Epps Family YMCA’s state-of-the-art strength training equipment with a large selection of free weight equipment, aerobics/cycling studio, gymnasium, group exercise classes, health education lectures, member socials, youth and adult sports leagues and camps, kid’s summer camp and after-school program, sauna, pickleball, birthday parties, specialty wellness and fitness classes, and the list goes on and on!LeadingBusinessMonthWeb

Stop by Claire Chapin Epps Family YMCA and join the Y experience!

Claire Chapin Epps Family YMCA
5000 Clair Chapin Epps Dr.
Myrtle Beach, SC 29577
843-449-9622

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About Leading Business of the Month
The first Wednesday of every month, Myrtle Beach Area Chamber of Commerce announces a Leading Business of the Month. This special promotion, sponsored by South State Bank, recognizes a company that has been a member of Myrtle Beach Area Chamber for a minimum of five years. The business is randomly selected. The company displays a banner at their place of business for one month recognizing them as the Leading Business of the Month.

January 8, 2016 at 4:39 pm Leave a comment

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