NAWBO Public Policy Talking Points, November 2015 | NAWBO

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NAWBO Public Policy Talking Points, November 2015

Please see below a public policy update along with links to places to find even more details on the issues and influencers impacting public policy this month. We encourage you to share these talking points with your members and use them to facilitate public policy updates and conversations at your meetings and events.

  1. How would the proposed overtime change impact your business? – NAWBO submitted comments expressing our concerns over the proposed changes to the overtime rules. Under existing regulations, a worker qualifies for overtime pay if his or her wages for 40 hours of work per week fall below a $23,660 threshold. The proposed rule would nearly double that threshold, making employees earning up to $50,440 eligible for overtime pay if the regulation takes effect as scheduled in 2016. We are concerned that making more employees eligible for overtime pay will not guarantee more income, but instead will punitively impact businesses while dramatically limiting employment opportunities and curbing hiring. The reality is that many small and medium-sized businesses will find it difficult to absorb higher labor costs. This proposed rule will lead to the reclassification of many employees who will in turn experience a number of negative consequences, including losing benefits, flexibility, status, hours and opportunities for advancement.

    Opportunity for Action – Now, we want to hear from you. If you have information on how this proposed rule would impact your business, please e-mail Joy Lutes at jlutes@nawbo.org.

  2. Spreading the Wealth: Getting Venture Capital to Women – The National Women’s Business Council (NWBC), which is a non-partisan federal advisory council created to serve as an independent source of advice and counsel to the President, Congress and the U.S. Small Business Administration on issues of impact and importance to aspiring and current women business owners and leaders, recently put out some highlights and statistics on women’s access to venture capital. You can read more about the great research they are doing on venture capital funding and so many other issues here.

    Opportunity for Action – If you have an idea for research you would like to see conducted relating to women business owners, please email Joy Lutes at jlutes@nawbo.org

  3. Chair Elect of the National Association of Women Business Owners Participates in Virtual Summit for Women Over 40 – It was our pleasure to have NAWBO National Chair Elect Teresa Meares participate in the Essential Business Startup Secrets for Women Over 40 Virtual Summit last month.

    Opportunity for Action – You can read more about it in Yahoo Finance here.

  4. NAWBO 2015 Public Policy Positions – 2015 is almost over…please check out the NAWBO Public Policy Positions on our website.

    Opportunity for Action – Click here to view more.