Submitted by Joshua Morris
Bank of America today announced it is raising its U.S. minimum hourly wage again–helping to create job opportunities and fuel the American economy.
Details by the Numbers:
- The company will raise its U.S. minimum hourly wage to $25.
- This increases the minimum full-time starting salary to more than $50k/year.
- It will affect thousands of employees…
- … helping to fuel the growth of the American economy & create job opportunities that strengthen the communities the bank serves.
- Joining the bank at the minimum wage is a launchpad for a long-term career.
- Since 2017, the starting salary for full-time U.S. employees will have gone up by more than $20k.
- This is the company’s latest move, after steadily increasing over the last several years, from under $15 per hour to $25 per hour.
- The bank is a national leader in establishing a competitive minimum rate of pay for U.S. hourly employees.
- The increase applies to all full-time and part-time hourly positions in the U.S.
- It goes into effect in early October.
- BofA currently has 2,610 employees in South Florida, where many new starting pay positions are based.