Developments - September 2016 - 57

limited or irregular and current pay is at the low end of the present minimum. Be careful in tracking employees' hours. * Lower wages and pay overtime. This results in your expenses staying the same, but will certainly create disgruntled employees and create high turnover. * Hire more employees. If an association regularly needs a lot of overtime from current employees, they may want to consider hiring additional hourly workers to pick up the extra hours. This change in the rule could affect the budgeting process, and the association will need to consider whether those employees that now will be entitled to overtime will actually be working additional hours over 40 and what the cost of overtime will be to the association. Seriously consider determining if it makes sense to increase the employee's salary to meet the overtime exemption versus paying overtime to the employee on an ongoing basis. What initial steps should an association take before making a decision regarding the new overtime rules? * Review employee job descriptions to ensure they have been categorized correctly as either exempt or non-exempt under the new rules. * Identify specific positions that may not meet the minimum salary test ($913 per week) to ensure that the association will be in compliance by the effective date of December 1, 2016. * Plan exactly how the minimum increases will affect their employees and how those increases will be communicated to the affected employees. * Consider the possibility of consulting with an outside professional to review the association's particular situation in order to ensure compliance with the new rule. Obviously, there are a number of issues that an association will have to deal with as they prepare for their 2017 budget preparation and the new overtime rule will add yet another layer of complexity. This article is intended to provide a general overview and is not a substitute for competent professional advice or to be exhaustive in nature. A professional should be consulted if an association, their board or management has questions or concerns relating to the applicability and compliance of the new rule. Steve Brettholtz, CPA, is the managing partner of Myers, Brettholtz & Company, PA, in Fort Myers, Florida. The firm specializes in audit, tax, and consulting services for timeshare owner associations and vacation clubs throughout the United States, Caribbean, and Mexico. His email is steve.brettholtz@mbcopa.com. Powerful Performance with Peace of Mind Our Executive Team is Ready to Help You Achieve Exceptional Results with Safe and Sound Security Find out why we are the top performer in Global Portfolio Management: * Healthy portfolios * Low delinquencies * Low foreclosure rates ResortCom's U.S. based "internationally fluent" Financial Services Division and Contact Center also specializes in: * * * * Maintenance Fee Billing and Collections Merchant Credit Card Services Tax Withholding Trust Administration Custodial Services and Lender Support, with extensive worldwide experience. For more information please email our team: Dennis Hershey, CFO; Mike Duncan, SVP/Software Development; Odilia Guiant, SVP/Client Services; Dennis Morrissey, VP/ International Operations odiliar@resortcom.com (financial services) miked@resortcom.com (technology) or call +01-619-683-2470 RESORTCOM INTERNATIONAL L.L.C. 6850 BERMUDA ROAD, LAS VEGAS, NV 89119 T 619-683-2470 F 619-683-2077 E odiliar@resortcom.com W resortcom.com AGENCY: STUDI0 2055 760.729.8205 | JOB # GBG 603528 | PUBLICATION: DEVELOPMENTS | ISSUE DATE: NOVEMBER 2015 DEVELOPMENTS SIZE: HALF PAGE HORIZONTAL | PLACEMENT: RIGHT-FACING PAGE | CLIENT: GBG & ASSOCIATES 619.255.1661 | RESORTCOM INTERNATIONAL September 2016 Developments - 57 http://www.resortcom.com

Table of Contents for the Digital Edition of Developments - September 2016

UP FRONT
FIRST WORD
AROUND THE INDUSTRY
TRUSTEE TALK
INTERNATIONAL BRIEF
RESEARCH
MEMBER MATTERS
SPECIAL HR SECTION: PART II
CUSTOMER CARE
CREATIVE RESALE STRATEGIES
FRONTLINE TACTICS
RENOVATIONS: “IF MONEY WERE NO ISSUE?”
WHERE DO THE DOLLARS GO?
HOAS AND THE NEW OVERTIME RULES
CAUTION ABOUT YOUR FINANCE OPTIONS
FOCUS ON: REPUTATION MANAGEMENT
FACES FROM THE FRONTLINES
MEMBERSHIP UPDATES
Developments - September 2016 - 1
Developments - September 2016 - Cover1
Developments - September 2016 - Cover2
Developments - September 2016 - 1
Developments - September 2016 - 2
Developments - September 2016 - 3
Developments - September 2016 - 4
Developments - September 2016 - 5
Developments - September 2016 - UP FRONT
Developments - September 2016 - 7
Developments - September 2016 - FIRST WORD
Developments - September 2016 - 9
Developments - September 2016 - AROUND THE INDUSTRY
Developments - September 2016 - 11
Developments - September 2016 - 12
Developments - September 2016 - 13
Developments - September 2016 - 14
Developments - September 2016 - 15
Developments - September 2016 - 16
Developments - September 2016 - 17
Developments - September 2016 - 18
Developments - September 2016 - 19
Developments - September 2016 - TRUSTEE TALK
Developments - September 2016 - 21
Developments - September 2016 - INTERNATIONAL BRIEF
Developments - September 2016 - 23
Developments - September 2016 - RESEARCH
Developments - September 2016 - 25
Developments - September 2016 - 26
Developments - September 2016 - 27
Developments - September 2016 - MEMBER MATTERS
Developments - September 2016 - 29
Developments - September 2016 - SPECIAL HR SECTION: PART II
Developments - September 2016 - 31
Developments - September 2016 - 32
Developments - September 2016 - 33
Developments - September 2016 - CUSTOMER CARE
Developments - September 2016 - 35
Developments - September 2016 - 36
Developments - September 2016 - 37
Developments - September 2016 - CREATIVE RESALE STRATEGIES
Developments - September 2016 - 39
Developments - September 2016 - 40
Developments - September 2016 - 41
Developments - September 2016 - FRONTLINE TACTICS
Developments - September 2016 - 43
Developments - September 2016 - 44
Developments - September 2016 - 45
Developments - September 2016 - 46
Developments - September 2016 - 47
Developments - September 2016 - RENOVATIONS: “IF MONEY WERE NO ISSUE?”
Developments - September 2016 - 49
Developments - September 2016 - 50
Developments - September 2016 - 51
Developments - September 2016 - WHERE DO THE DOLLARS GO?
Developments - September 2016 - 53
Developments - September 2016 - 54
Developments - September 2016 - 55
Developments - September 2016 - HOAS AND THE NEW OVERTIME RULES
Developments - September 2016 - 57
Developments - September 2016 - CAUTION ABOUT YOUR FINANCE OPTIONS
Developments - September 2016 - 59
Developments - September 2016 - FOCUS ON: REPUTATION MANAGEMENT
Developments - September 2016 - 61
Developments - September 2016 - FACES FROM THE FRONTLINES
Developments - September 2016 - 63
Developments - September 2016 - MEMBERSHIP UPDATES
Developments - September 2016 - 65
Developments - September 2016 - 66
Developments - September 2016 - 67
Developments - September 2016 - 68
Developments - September 2016 - 69
Developments - September 2016 - 70
Developments - September 2016 - 71
Developments - September 2016 - 72
Developments - September 2016 - Cover3
Developments - September 2016 - Cover4
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