Denied Overtime as a JP Morgan Business Banker?
JP Morgan Business Banker Overtime Claims
JP Morgan Business Bankers: If you have worked more than 40 hours a week without overtime pay, you may be able to file a claim seeking up to three years of unpaid overtime. Business bankers, even those paid on a salary basis, are generally eligible to receive time-and-a-half wages for their overtime hours, and may have legal recourse when they are denied the overtime compensation to which they are entitled. Potentially, an overtime lawsuit could provide a business banker the chance to seek twice the amount of overtime wages originally owed to them, dating back two to three years.
Denied overtime as a JP Morgan business banker? Find out if you can file a claim for unpaid overtime by completing our free, no obligation case review form.
All unpaid overtime claims must be filed within a certain time frame, and failure to do so can prevent the worker from ever taking legal action to recover their unpaid wages.
Unpaid Overtime Claims: Business Bankers
Commonly, when a business banker is wrongfully denied overtime pay, they have been misclassified. According to federal overtime law, there are two types of employees – those who are eligible for overtime pay (non-exempt employees) and those who are not eligible for overtime pay (exempt employees). Ineligible, or exempt, employees generally fall into one of five categories: executive; administrative; learned/creative professional; outside sales; or computer professionals. When an employee does not meet the requirements of one of these exempt categories, but is filed there anyway, they are said to have been misclassified. Business bankers who have been misclassified are generally improperly placed into the administrative exemption, even though they may not meet the requirements of this group of exempt employees.
Overtime Lawsuits for Misclassified Business Bankers
Business bankers who have been misclassified or otherwise denied overtime pay to which they are entitled may have legal recourse to seek financial compensation. An unpaid overtime lawsuit provides these individuals the chance to file a claim for up to three years of unpaid overtime, plus an amount matching this in liquidated damages. In other words, they may be able to receive twice the amount of unpaid wages recovered through the overtime lawsuit.
Business bankers who would like to learn more about their eligibility for an overtime lawsuit can complete our free case review form. There is no cost or obligation, and federal law prohibits employers from firing, demoting or otherwise retaliating against workers who exercise their employment rights.