TJX to Comply With Overtime Pay Despite Block of Obama Rule
TJX, the largest public company based in Massachusetts by revenue, plans to proceed with the Obama administration's Fair Labor Standards Act expanding overtime pay for workers, despite a judge's ruling last week that blocked the policy from taking effect. The rule, which would raise the salary threshold from $23,660 to $47,476 gradually for overtime-eligible employees, was to go into full effect by Dec. 1 nationwide before being blocked. However, TJX has chosen to move forward anyway. The company spokeswoman, Doreen Thompson, shared with the Boston Business Journal via email, “At TJX, we attribute our success primarily to the people we have hired over many years who remain focused on our mission of delivering amazing values to consumers. With this in mind, TJX will move forward as planned in implementing the changes outlined in the Department of Labor's new rules.”
Total Retail's Take: I think TJX's willingness to stick to the original plan to help loyal employees speaks volumes. As of now, it's the first retailer known to continue with its previous plan to comply with the Fair Labor Standards Act. Not to mention, there are going to be some pretty happy employees at TJX stores this holiday season.
