Is this meant to be a gotcha question? Yes, unpaid overtime is fraud, and employers commit that kind of fraud probably just as regularly as employees doing the things up thread.
none of it is good lol
Is this meant to be a gotcha question? Yes, unpaid overtime is fraud, and employers commit that kind of fraud probably just as regularly as employees doing the things up thread.
none of it is good lol
>, unpaid overtime is fraud,
gp was talking about salaried employees which is legally exempt from overtime pay. There is no rigid 40-hour ceiling for salary pay.
Salary compensation is typical for white-collar employees such as analysts in investment banking and private equity, associates at law firms, developers at tech startups, etc.
The overtime is assumed and included in their 6-figure salaries.
Overtime can't be assumed by definition. If it's an expectation, it should be written into the contracted working hours, and then it's not overtime. (Or if there are no contracted working hours, then overtime could only be defined in relation to legally required maximum working hours, in which case it can't be an expectation for employees to exceed these without appropriate compensation.)
> contracted working hours,
> legally required maximum working hours
Neither of these apply in the context of full-time salaried US investment banking jobs that the parent comment is referring to.
People work these jobs and hours because the compensation and career advancement can be extremely lucrative.
People who worry about things like limiting their work hours do not take these jobs.
Sure, but in that case they are not working 'overtime', they are just working in the absence of any effective regulations governing reasonable working hours.