Bank of America U.S. Minimum Hourly Wage Reaches $20
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Business Wire
One-Year Acceleration Reaffirms Commitment to Being a Great Place to Work CHARLOTTE, N.C.--(BUSINESS WIRE)--One year ago, Bank of America announced it would raise its U.S. minimum hourly wage to $20 over a two-year period. The first increment to $17 was made in May 2019; six months later, the company announced it would accelerate the move to $20 by a year; and in March this year, Bank of America made this change.“Investing in our teammates by paying fairly, and providing competitive benefits and programs is key to our commitment to being a great place to work,” said Sheri Bronstein, chief human resources officer at Bank of America. “Across the company, we believe that being a great place to work is core to our ability to grow sustainably, as we continue to drive responsible growth.”Bank of America’s increase to paying $20 per hour builds on the company’s history of being an industry leader in establishing an internal minimum rate of pay for its U.S. hourly employees. Since 2010, th
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