Wal-Mart to correct overtime underpayments
Bentonville, Ark.—Wal-Mart Stores has entered into a settlement agreement with the U.S. Department of Labor (DOL) to compensate current and former workers for improperly calculated overtime pay during the past five years.
The agreement, if approved by the federal
district court, will require Wal-Mart to pay $34 million in underpayments.
The settlement stems from Wal-Mart's failure to include periodic bonuses and other earned income in determining about 87,000 associates' weekly average hourly pay rate, which is used to determine their overtime pay. The company also calculated the regular rate on a biweekly basis rather than a weekly basis, and did not properly account for overtime involving training.
Wal-Mart discovered the errors during an internal review and voluntarily reported them to the DOL.
The settlement includes no fines or penalties, and Wal-Mart has adopted measures to prevent such errors from occurring in the future, the company said in a statement.
The agreement, if approved by the federal
The settlement stems from Wal-Mart's failure to include periodic bonuses and other earned income in determining about 87,000 associates' weekly average hourly pay rate, which is used to determine their overtime pay. The company also calculated the regular rate on a biweekly basis rather than a weekly basis, and did not properly account for overtime involving training.
Wal-Mart discovered the errors during an internal review and voluntarily reported them to the DOL.
The settlement includes no fines or penalties, and Wal-Mart has adopted measures to prevent such errors from occurring in the future, the company said in a statement.
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