Bank of Montreal is raising the minimum wage for its U.S. branch and contact-center employees to US$20 an hour, its second such pay bump in less than a year, as companies fight for workers in a tight labour market.
Bank of Montreal is raising the minimum wage for its US branch and contact-center employees to US$20 an hour, its second such pay bump in less than a year, as companies fight for workers in a tight labor market.
Financial institutions are increasing pay for frontline workers to attract and retain staff as labor markets in Canada and the US hover near historically tight levels. US employers added more jobs in June than forecast, and the unemployment rate held near a five-year low.
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