Summary of Overtime for Commissioned Financial Business Employees
The monetary solutions industry, and also the mortgage industry in specific, has a tendency to spend workers by payment. This really is specially real for product product sales kind roles, such as for instance mortgage loan officers. A guaranteed salary of $455 per week although federal regulations allow employers to exempt financial service industry workers from overtime, financial service employers must pay the white collar workers. As a result, companies whom pay only commissions and don’t guarantee an income need to pay loan officers and comparable workers for overtime. Continue reading “Overtime for Commissioned Employees into the Financial Industry”