Posted on 10/25/2014 8:14:02 AM PDT by Hoodat
If they find a bank shafting people a buck a month on mortgages they could end up with a billion dollar settlement... but in this case a $3500 fine. crazy
| $40,000.00 | total compensation | ||
| $7.25 | federal minimum wage | ||
| $1.21 | wages paid | ||
| $6.04 | difference | ||
| 6622.52 | hours $40k / $6.04 compensation | ||
| 827.81 | hours per each of eight employees | ||
| 120.00 | hours worked per week | ||
| 6.90 | weeks worked | ||
you still have to capture those wage differences, >8 hours, > 12 hours.
Given 17 hour days, it came in at 3 weeks.
and, about $45,000 in total wages, $40,000 was paid in back wages.
Yes, I hadn’t calculated in the overtime.
It could be they didn’t require compensation at overtime rates.
It is also notable that the $1.21 times the 6621 hours worked, would result in roughly $8,000 dollars, plus the $40,000 totaling up to around $48,000 dollars, not $45,000.
You’re right. The numbers do skew...
120 hours a week? I’m not buying it. Sounds as if the company was providing them housing.
Other than excessive hours, how is there a problem with their pay? In that, if I work for an American company that sends me to France or Germany or India for three or six weeks on an assignment, I’m not paid at the prevailing wage in that country. I’m paid American dollars on my American salary and the billing from the American company to the French or German or Indian company is based on dollar-value not local value.
It is a violation of US law.
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