Money Talks: How Wage and Hour Compliance Can Cost You
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Overview: In recent years wage and hour litigation in the financial services industry has increased significantly, with challenges being brought at the federal and state levels. The causes range from the difficulty of consistently applying corporate wage and hour practices, to the complexity of applicable regulations. But no matter how a wage and hour lawsuit is triggered, the reality is that these cases are costly, time-consuming, and can have a significant impact on the financial health of the companies involved. This white paper, with Paul Decamp, a former administrator of the U.S. Department of Labor’s Wage and Hour Division, from the law firm Jackson Lewis LLP, explores the causes for wage and hour litigation, what the potential damages are, who’s at risk, and six steps that can help financial institutions minimize wage and hour compliance risk.