Qualified Remodeler Magazine

JUN 2015

Qualified Remodeler helps independent remodeling firms to survive, become more professional and more profitable by providing must-have business information, namely best business practices, new product information and timely design ideas.

Issue link: http://qualifiedremodeler.epubxp.com/i/532719

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Page 7 of 51

draft overtime rule released by U.S. Department of Labor this month will raise the salary threshold for adminis- trative and management employees eligible for overtime pay to everyone earning $50,440 or less. Presently the threshold is $23,000. Economists at the National Association of Home Builders (NAHB) put forth a conservative estimate that this would enable an extra 17,000 to 18,000 construction supervisors to be eligible for overtime pay after working 40 hours in a week. But the increase in number of overtime eligible managers, including lead carpenters, is likely to be much greater than those estimates. In addition, there will be a new burden placed on employers who would be forced to restructure their workforce in order to comply with the new rule, says NAHB's Federal Legislative Director Suzanne Beall. "Tese are the supervisors who are on-site supervising the day-to- day schedules of the trades and performing other managerial tasks. Tat is something that has us particularly worried," says Beall. "While the administration argues that these types of workers will get more money in their pockets, in reality employers will manage those costs. Teir structure is going to change. Either those supervisors will not work more than 40 hours per week, or their benefts will be reduced. Te employer is managing their costs, and it has to be predictable for the project. So really we believe this is an exercise in futility and it is going to cause great burdens on employers who have to now rework their workforce structure." Te rule comes in response to an executive order issued last year requiring the Department of Labor (DOL) to update its overtime standard under the Fair Labor Standards Act. Tere is a 30- to 60-day stakeholder comment period. Te NAHB says it intends to fle for an extension of that comment period. From there the rule is expected to be issued by the DOL and take efect 30 days later. Te rule is ultimately expected to take efect before President Obama leaves ofce. | NEWS NAHB Remodelers Accepting Annual Awards Applications Entries are now being accepted for the 2015 NAHB Remodelers awards, which include NAHB Remodeler of the Year, National Remodeling Hall of Fame, Homes for Life awards and the Council Awards for Demonstrating Remodeling Excellence (CADRE). The NAHB Remodeler of the Year award, sponsored by Qualifed Remodeler , recognizes exemplary NAHB involvement, superior business manage- ment and outstanding contributions to the remodeling industry. Nominees must be a member of NAHB Remodelers. Visit nahb.org/ROY to apply. Visit nahb.org/remodelinghallofame, nahb.org/homesforlife and nahb.org/ cadres to apply for the other three awards. The deadline for all four programs is July 24. KBIS Named Top Fastest Growing Event Tradeshow Executive Magazine has awarded The Kitchen & Bath Industry Show (KBIS) with top honors for the fastest growing show in attendance in percentage growth and sheer numbers. The desig- nations recognize KBIS among the trade shows that grew faster than 99 percent of the trade shows held in the U.S. During the 2015 show, more than 33,119 industry professionals canvassed the show foor. The 2015 event attracted over 500 exhibitors, including 96 new present- ers and 87 Loyalty Leaders — the group of exhibitors recognized for their commit- ment to consecutively exhibiting at KBIS for at least the past six years. Plans are un- derway to expand the show in 2016. One month after the success of the 2015 show, 266,130 NSF of exhibit space was already sold — almost the equivalent of what was sold in all of 2015. ON THE MOVE BCI Acrylic Announces Ownership Change Tom Barzantny has retired as the president of BCI Acrylic, efective May 19. Barzantny co-founded BCI with his partner, Scott Rosenbach, in 1999. Rosenbach has purchased his founding partner's share of the business and is now the sole owner of BCI. Scott will continue to be active in the business in his role as CEO. The company has grown to two locations with more than 75 employees and a vast dealer network (over 700 and counting) that serves the entire U.S. and Canada. Pending Overtime Rule Would Increase Workforce Costs Draft rule expected to take efect later this year or early in 2016 WORKFORCE REGULATION A Continued on page 11 8 June 2015 QR QualifiedRemodeler.com | ForResidentialPros.com IN BRIEF

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