When a worker exceeds 40 hours per week, in principle, each additional hour must be paid at 1.5 times what one earns for their regular hours, as established by the Federal Fair Labor Standards Act of 1938 (FLSA). English: Fair Labor Standards Act ).
This standard, however, is subject to a number of conditions. On numerous occasions employers take advantage of the lack of clarity and ignorance of many employees to put into practice tricks that allow them not to pay these hours as the law provides. In a previous post, we clarified some of these concepts to better understand when we have to pay extra hours.
If allegations are proven, JPMorgan Chase would have violated the federal labor standards mandated by the FLSA and other state regulations, and the plaintiff group would be entitled to compensation for unpaid overtime in the manner prescribed by law.
Who would be affected?
The positions that we suspect have been unfairly exempt from the payment of overtime are:
- AML Compliance Analysts / Compliance Analysts
- Data Analysts / Information Analysts
- Financial Reporting Analysts / Financial Information Analysts
- Implementation Analysts / Implementation Analysts
- Quality Assurance Specialists / Specialists in Quality Assurance
- Solutions Analysts / Solution Analysts
According to the analysis of news sources, the employees in these positions were incorrectly classified as exempt and, according to the FLSA, they must be reclassified as non-exempt and compensated for their extra hours.