Performance goals are common in the workplace. Most businesses rely on metrics to evaluate employees for performance reviews, goals and making business-decisions regarding staffing. In recent weeks the media have been running a succession of articles concerning potentially questionable business practices at the financial giant Wells Fargo. The company allegedly created an atmosphere that required employees to open up new accounts without authorization (or even the knowledge) of the bank's many customers.
Roughly 5,300 Workers Terminated In The Past 5 Years
Now, federal officials are concerned that the company may have violated the Fair Labor Standards Act, according to an Associated Press report in the StarTribune. Several United States senators asked the Labor department to investigate potential bullying in the company aimed at pressuring employees to meet sales goals through the questionable practice of opening unauthorized accounts to generate new revenues for the bank. Reports indicate the bank has fired roughly 5,300 employees since 2011. It is not clear if officials believe all of the terminations were in retaliation for workers' refusals to engage in potentially questionable business practices.