A U.S. Department of Labor investigation found that Intuit – a Silicon Valley-based multinational provider of payroll and financial software applications – deprived more than 2,500 employees of more than $555,000 in overtime pay by not keeping accurate pay records and failing to pay for some work hours, including time spent on required training.
The department’s Wage and Hour Division determined that Intuit’s failure led the Mountain View-based employer to pay incorrect amounts for overtime worked, a violation of the Fair Labor Standards Act. The company’s violation affected employees across the U.S.
“While employers have no excuse for depriving workers of their full earned wages, including overtime pay, we appreciate that Intuit’s legal team worked with the U.S. Department of Labor to resolve the matter soon after being made aware of our findings,” said Wage and Hour Division District Director Francisco Ocampo in San Jose, California. “We encourage employers, large and small, to contact us with questions about workers’ rights or other concerns about their employment practices.”
In all, the division’s overtime wage recovery will benefit 2,607 Intuit employees.
Intuit operates a publicly traded global financial technology platform and serves about 100 million customers worldwide with products such as TurboTax, Credit Karma, QuickBooks and Mailchimp. The Mountain View company has about 18,000 employees working in 19 offices in eight countries.