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My SO's company asks for presentations if a candidate for certain high-level positions make it to final rounds of interviewing. It's pitched as being a "high level overview to start a conversation, not a TED talk". They also pay the candidates for the time to put this presentation together. I think it's something like $200, but I am not sure.
Being asked to put together a presentation is not necessarily bad, but being asked to put in your personal time without compensation is a red flag. It speaks a lot to their culture and expectations of personal sacrifice the company likely asks of their employees.
You bring up a good point with culture and expectations. The job required occasional unpaid overtime since it's a salaried position.
That's not a reasonable requirement of a salaried position. People might think it is, but they've been tricked.
Needing to work extra long hours occasionally during extra-busy times is one thing, but it should be balanced with being able to stop working early during slow times.