Businesses concerned the uncertain economy will adversely impact their businesses should act early to evaluate their existing worker classification and other employment practices for opportunities to manage costs and promote efficiency. For example, a business anticipating a business slowdown that currently employs workers covered by the Fair Labor Standards Act (FLSA) minimum wage and overtime rules on a salaried, non-exempt basis rather than a straight hourly basis often can reduce costs by converting these employees to a straight hourly pay arrangement.
