Wage theft is a shockingly common problem, costing employees billions of dollars every year across the United States. Sadly, lost wages are just the start of the problems for employees, who may find themselves struggling with legal and financial problems as a direct or indirect result of this type of malfeasance. But what exactly is wage theft, and how does it harm employees?
Tag: wage and hour violations
Seven Ways Employers May Engage in Wage Theft
Wage theft is the broad term for when employers refuse to pay employees what they are legally owed for their work. This is a disturbingly common problem, resulting in billions of dollars in losses to employees who are denied their rightly earned wages and benefits. Here are seven ways employers may engage in wage theft:
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$12 Million Settlement in PNC Bank Labor Suit
PNC Bank has agreed to pay $12 million to settle a class action lawsuit by its mortgage loan officers arising from a series of alleged labor violations. Among these, the bank was accused of failing to account for loan officers’ breaks for their compensation, and that it improperly took deductions from their salary, causing them to make less than they were legally entitled to. While PNC argued that its compensation scheme was fair, it ultimately settled after losing on a partial motion for summary judgment.
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