Large companies are usually successful because they hire and train the right people for the job. And when it comes to large, successful companies, there aren't many that are more successful than JPMorgan Chase. The banking giant is consistently listed among the most popular banking options in the country, and many of our Colorado readers probably have accounts with the company. The company's success, however, does not render it immune to employment law violations.
According to a recent report, JPMorgan Chase has agreed to settle a lawsuit that was based on claims of sexual harassment. The report indicated that a group of female employees alleged that the discrimination was widespread at their particular JPMorgan Chase location. As a result, they said the work environment was hostile due to the "sexist atmosphere." To settle the lawsuit, JPMorgan Chase has reportedly agreed to pay $1.5 million to the group of plaintiffs. The Equal Employment Opportunity Commission was involved in helping to bring this lawsuit to a close.
Some Colorado residents may know that the EEOC is one point of contact for an employee who believes that they have been subjected to discriminatory practices by their employer. The other option in Colorado is to notify the Colorado Civil Rights Division.
The reports about this case, which was against one of the largest employers in America, just goes to show that sometimes "success" for a company is measured by different means than just a solid balance sheet. With the lawsuit behind them and the damages soon to be paid, hopefully the employees involved in this case will be able to go back to their jobs in an atmosphere that is free from sexual harassment.
Source: New York Post, "JPMorgan pays $1.5M for sexual harassment lawsuit," Feb. 5, 2014