Auto Profit Masters turns new overtime rule into a vehicle for profit
On December 1st of this year, the Department of Labor’s final rule updating overtime regulations will go into effect. These rules will require all shop owners to pay overtime for every service writer, shop foreman, lube manager and bookkeeper who makes a salary of less than $47, 476 annually (or $913/week). Commissions and bonuses are not counted toward the salary.
In light of the updated rule and committed to working with auto shops to become and remain profitable, Auto Profit Masters has released a new Incentive Pay Plan program that will allow clients to be both federally compliant and remain profitable, while also reinforcing a company culture that creates loyal and committed employees.
A shop owner who pays a service writer $500/week, along with commissions and bonuses to support 60 hours of work/week, will be required under the new overtime labor law to add an additional $20,000 to that annual salary. Shop owners can simply pay more for the same amount of work being done, and make sacrifices elsewhere in the shop. Or they can turn this expensive update into an opportunity by implementing an Incentive Pay Plan tailored to their exact needs. Auto Profit Masters has created a two-minute video and a free ebook providing more details about the implications for shop owners.
The Incentive Pay Plan is custom-built to fit each individual shop’s needs and team. Small or large, any shop will benefit from having better profits, higher sales, more repeat business and referrals, and a team that cares about the success of the shop. With the updated rule including a mechanism for automatically updating the salary and compensation levels every three years, shop owners should look for a sustainable solution so they do not have to address this change every few years.
More information about the Incentive Pay Plan program is available on Auto Profit Masters’ newly redesigned website. The website at https://autoprofitmasters.com/ was created by Littleton-based Automated Marketing Group and offers new features including fresh content tailored to the specific needs of auto shops. Shop owners can visit the new Auto Profit Masters website and quickly navigate to the most relevant information for the solutions they need in their shop.
