Bank 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.
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.
The pay bump translates to a minimum salary of almost $48,000 a year for full-time employees, according to the second largest U.S. lender."Providing a competitive minimum rate of pay is foundational," Sheri Bronstein, the bank's chief human resources officer said in the statement.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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 »
IMF, World Bank to proceed with annual meetings in Morocco in October -source By ReutersIMF, World Bank to proceed with annual meetings in Morocco in October -source
Read more »
IMF, World Bank to go ahead with annual meetings in Morocco in OctoberThe International Monetary Fund (IMF), the World Bank and Morocco announced the annual meetings of the two global institutions would proceed in October in...
Read more »
Bank of America strategist becomes latest on Wall Street to raise S&P 500 targetA top stock-market strategist at Bank of America expects deeply liquid large-cap benchmark to climb roughly 3.5%.
Read more »
How to watch the 2023 Bank of America Chicago Marathon liveThe 2023 Bank of America Chicago Marathon will be nothing short of thrilling, but you don’t have to attend in person to catch the action live.
Read more »