Non-exempt employees. <\/strong>As a non-exempt employee, you will typically be paid by the hour, for each hour that you work. You will be eligible for overtime pay at one-and-a-half times your regular rate of pay when you work more than 40 hours in any week.<\/li>\n<\/ul>\nYou may be surprised to find out that as an employee in the banking, mortgage, or insurance industries, you are entitled to overtime pay because you are not subject to any exemptions.<\/p>\n
You may also be surprised to know that under the FLSA, you are also entitled to be compensated for any \u201crunover time,\u201d meetings and training sessions, and any rest or meal breaks that you have to work through. If these work hours exceed a 40-hour workweek, you are entitled to compensation for each overtime hour at one-and-a-half times your normal rate of pay. A workweek is defined as seven consecutive days of work. The hours you have worked in one seven-day period cannot be averaged between more than one workweek. Employers are required to keep detailed time records of all the hours you have worked and how much you have earned in each workweek.<\/p>\n
Legally, it makes no difference whether your employer has been cheating you out of overtime pay for weeks, months, or even years: the justice system still allows you to recover your unlawfully withheld wages, and\u2014in especially egregious cases\u2014your company may be fined for its unethical or illegal conduct.<\/p>\n
If you are an employee in the banking, mortgage, or insurance industry and you are concerned about your exemption status, you need to consult a wage and hour attorney. The overtime attorneys at Kennedy Law Firm LLP have extensive experience in representing workers who have suffered payroll and overtime violations. Contact us today at for a free, no-obligation case evaluation.<\/p>\n","protected":false},"excerpt":{"rendered":"
Jobs in the banking, mortgage, and insurance industries require a lot of long hours and hard work. Unfortunately, banking and related industry employees are often victims of poor pay practices because unscrupulous employers try to cheat them out of the wages they are legally entitled to. Bankers, mortgage loan officers, underwriters, originators, consultants, and processors<\/p>\n
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