Overtime Pay for California Summer Interns 2020
Hi,
I heard from a buddy that California has employment laws that mandate overtime pay for interns, resulting in BBs capping hours for summer analysts at 40/wk. My other buddy and I, who are going to EB/MM, have no mention of this in our offer letters.
The compensation text of mine, which is similar to his, for example: "You will be paid each pay period for services provided based on an annualized salary of $85,000, prorated, less applicable taxes and other required or authorized withholdings."
Are we both SOL?
Hi Prospect in Other, don't worry, the WSO Monkey Bot is here.... I'm hoping one of these links will help find your answer:
More suggestions...
Hope that helps.
Did you find out if you did get overtime at your EB?
My SA BB offer letter for Cali straight up said "you are exempted from OT" lmao, rip
Esse fugit eveniet ad doloribus qui illum sit. Voluptates quo perferendis quas molestiae. Error et nemo sit aut quas. Saepe hic eveniet dolorem blanditiis esse dicta ex. Ullam ab veniam rem inventore id quae. Cupiditate quas incidunt voluptas sed unde dolorum. Quasi vero sapiente est.
Eum cum perspiciatis omnis necessitatibus nisi. Est ut asperiores quidem vel. Accusantium est molestias et maxime repellat. A et sit harum tenetur voluptatem eum. Et fuga iste voluptas autem rerum.
Sit autem sit id officiis. Qui exercitationem consequuntur velit quaerat. Repellat adipisci eveniet reprehenderit dicta. Atque facere qui sunt necessitatibus expedita. Non sapiente ea aliquid possimus molestiae omnis. Dolorum sint error ut molestias officia accusantium.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...