Overtime Rule Threatens Culture of Overwork

Talent agencies, movie production companies, publishing houses and consulting firms have a tendency to work young assistants long hours for modest pay, and the job market is such that ambitious new graduates and entry level candidates are willing to do anything to get their feet in the door, even if it means working 12-hour shifts without overtime pay. However, much is about to change with the implementation of the new overtime rule in December.

Under the new rule, many young staff members in these industries will start receiving time-and-a-half overtime when they work more than 40 hours a week, as long as their salaries remain below $47,476. While these ambitious go-getters are just as willing as ever to be overworked, it is expected that many companies will cut back the hours of assistants and junior associates because they will not be able to afford to pay them overtime or to raise their salaries above the new threshold. As a result, a cultural shift will be hard to avoid. While this may promote greater work-life balance, it will cause young talent to miss out on critical career development and the chance to fast-track themselves to career success. Read more in this New York Times article: http://www.nytimes.com/2016/05/31/business/for-harried-assistants-overti...