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Payday HCM Briefing 9/15/16

Small businesses seek delay of overtime rule [USA Today]

The nation’s leading small business trade group on Tuesday asked the Labor Department to delay a new rule making millions of Americans eligible for overtime pay, saying employers aren’t prepared to implement it when it goes into effect Dec. 1. [Read more]

Arizona, Southwest region economic growth to eclipse nation in coming year [Phoenix Business Journal]

The Southwest is expected to continue eclipsing the national economy in terms of economic growth and job creation over the next few years.

That’s according to former Citibank CEO Eugene McQuade, who spoke at the annual Phoenix Business Journal-Salt River Project 2017 Economic Forecast, held today at the JW Marriott Desert Ridge in Phoenix. [Read more.]

Analysis: NM at risk of “economic death spiral” [Albuquerque Journal]

ALBUQUERQUE, N.M. — New Mexico is on the precipice of an “economic death spiral” as long as it continues conducting “business as usual,” according to an analysis presented at a Jobs Council meeting on Monday.

Mark Lautman, the council’s lead program consultant, authored the analysis, which was based on economic data from the state, local, and federal levels. He told the bipartisan group of lawmakers and special-interest groups that if New Mexico conducts “business as usual,” the consequences for the state could be dire. [Read more.]

If you’d like to discuss how any of these news items impact your organization, please contact Payday HCM’s Consultants (1-888-2PAYDAY). We’re happy to help you.

Kristin Munson

Kristin Munson

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