When companies hire new employees who require training before they can start working, it’s common practice for the employer to pay their new workers for that training time. It’s a considerable investment of time and resources on the part of the employer, but it ultimately benefits them because their workers will then be able to do their jobs efficiently and in accordance with the policies and procedures of the employer.
According to a recent wage and hour lawsuit against AXA Advisors LLC, the insurance and investment broker allegedly violated the federal Fair Labor Standards Act (FLSA) and New York Labor Law by failing to pay prospective associates minimum wage and overtime when they were in training.
The lawsuit alleges AXA recruited people to work as financial product marketers who had not yet received their license from the National Association of Securities Dealers or the Financial Industry Regulatory Authority. AXA’s employees were then allegedly required to pay for their own training and registration fees. Continue reading