SAN JOSE, CALIFORNIA – A recent investigation by the U.S. Department of Labor revealed that Intuit, a multinational company based in Silicon Valley specializing in payroll and finance software applications, failed to pay over $555,000 in overtime to more than 2,500 employees.
This was due to inaccurate payment records and failure to compensate for certain hours worked, including mandatory training time.
Intuit operates a global financial technology platform that is publicly traded and serves approximately 100 million customers worldwide with products such as TurboTax, Credit Karma, QuickBooks, and Mailchimp.
The Mountain View-based company has approximately 18,000 employees working in 19 offices across eight countries.
The Department of Labor’s Wage and Hour Division determined that Intuit violated the Fair Labor Standards Act by incorrectly paying overtime hours worked by its employees. This violation affected workers across the United States, highlighting a systemic issue in the company’s payment management.
In total, the recovery of overtime wages will benefit 2,607 Intuit employees.
This incident underscores the importance of companies, especially those of large size and global reach, strictly adhering to labor laws to protect their employees’ rights and maintain integrity in their employment practices.
The corrective actions taken by Intuit in collaboration with the U.S. Department of Labor demonstrate a commitment to improvement and compliance, sending a clear message about corporate responsibility and labor justice.
