Retail

Where you might be breaking the law

Posted on March 4, 2014

Think you understand the rules governing how you pay overtime to your employees? Think again. There are two key elements of the wage and hour regulations that many tire store owners unknowingly violate every day.

One area involves bonus pay, the other is salary status says Pat Brown, vice president of marketing for Dealer Strategic Planning Inc. (DSP) and Modern Tire Dealer contributor.

She says dealers cannot wait another day to act: “We are being told that the U.S. Department of Labor, Wage & Hour Division has more than doubled its staff this year and has targeted the tire retailing industry.”

Brown outlines scenarios, penalties and next steps for dealers in “Are you breaking the law? Pay your people correctly or pay the price” online, or on page 32 of the February digital or print edition of MTD.

Related Topics: Pat Brown, wage and hour regulations

Comments ( 2 )
  • RON

     | about 3 years ago

    Over time may be a problem, yes. The bigger problem is shops not paying taxes, or not charging tax to the customers. If your going to clean up, lets clean house.

  • See all comments
More Stories
News

Riccardo Cichi Leaves Pirelli After 27 Years

Pirelli Tire North America Inc. is searching for a new chief commercial officer for the NAFTA region. The company says Riccardo Cichi is leaving Pirelli effective Feb. 24 to pursue personal interests.

News

Union Official Calls Tariff Vote 'A Huge Mistake'

The leader of the United Steelworkers union says the International Trade Commission has made "a huge mistake" in not imposing tariffs on truck and bus tires from China. And based on early feedback from Modern Tire Dealer readers, tire dealers and particularly retreaders agree.

News

Two Asian Automotive Shows in One in March

Tyrexpo Asia 2017 and the inaugural edition of GarageXpo Asia will be held in conjunction with each other March 21-23, 2017, in Singapore. The events are organized by SingEx Exhibitions Pte. Ltd.

Bobby Hendry from 31 Inc. was from one of 80-plus vendors at the Tire Factory trade show. Here he talks to Mike Fleming, equipment supply manager for the dealer group, and Marc Thompson from Point S Everett in Everett, Wash.
News

Point S Rebranding Exceeds Expectations in the U.S., and Points to More Growth

Tire Factory Inc. members have rebranded the vast majority of their 206 stores to the Point S banner at a breakneck pace. And leaders of the Oregon-based cooperative are unveiling new programs with two big hopes: the momentum of current members continues, and more independent tire dealers join their network.

News

Cooper Enjoys a Full-Year Income-to-Sales Ratio of 8.5%

Cooper Tire & Rubber Co. posted net income of $69.3 million on net sales of $783.9 million for its fourth quarter ended Dec. 31, 2016. That compares to income of $59.2 million on sales of $775.5 million for the same period in 2015.

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!