Bank of America's minimum hourly pay will become $23 once the company's planned increase happens. That $1 bump is slated for U.S. employees in October.
that it would do the $1 hike, with the increase slated to apply to U.S. employees beginning in October. Its minimum hourly wage has been $22 since May of last year, according to the company.
With the new $23-per-hour level, it will make the minimum annualized salary of those with full-time positions nearly $48,000, according toA Bank of America branch stands in Manhattan on March 15, 2023, in New York City. As concerns grow among clients of smaller banks following the Silicon Valley Bank collapse, Bank of America has seen an inflow of over $15 billion worth of deposits. Ot
In a statement, Chief Human Resource Officer Sheri Bronstein described having a "competitive minimum rate of pay" as "foundation" to "being a great place to work.""By investing in a variety of benefits to attract and develop talented teammates, we are investing in the long-term success of our employees, customers and communities," she said. "Our commitment to $25 by 2025 is how we share success with you and lead the way for other companies.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of America to raise minimum wage to $23 an hour in OctoberBank of America will boost its minimum hourly wage to $23 in October as it heads toward a goal of raising hourly pay to $25 by 2025, the company said in a statement Wednesday.
Read more »
Silver Price Analysis: XAG/USD stabilizes above $23 ahead of Fed policySilver price (XAG/USD) shifts auction above the crucial resistance of $23.00 as the US Dollar comes under pressure ahead of the interest rate decision
Read more »
My Facialist Recommended This $23 Cleansing Oil & it Transformed My Skin Texture in One WeekTwo words: Double cleanse.
Read more »
Climate change protesters set to demonstrate outside Bank of America in Bryant ParkCritics say that Bank of America is the third largest financier of fossil fuels.
Read more »
Bank of America says now is the time to buy these three home improvement stocksAs inflation cools and home prices pick back up, home improvement spending is set to rise. These three retail stocks could be winners, says Bank of America.
Read more »