Financial Services Employees
Financial services employees are often misclassified by their employers as being exempt from overtime pay. These employers pay their employees a salary and claim that overtime pay is not part of their compensation. This type of business practice violates federal wage and hour laws. It is the responsibility of the employer to prove that their salaried employees are exempt from overtime wages, and if they do not meet the requirements for exemption, the employer can be held liable for compensating their employees for back overtime wages.
Philadelphia overtime lawyers at Sidney L. Gold & Associates have vast experience representing employees in the financial service industry. Our knowledge and experience in employment laws affecting financial service industry employees has enabled us to collect millions of dollars in owed overtime compensation for our clients. The laws are complex and it takes the skills of a reputable team of employment lawyers to navigate through them and collect the compensation these employees deserve.