https://finance.yahoo.com/news/bank-america-raises-u-minimum-135324817.html
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customer facing positions are the safest......non customer facing will be hacked to death. My call center is hiring 40 right now.
Meh...virtual signaling. I'd be more concerned with OCC nomination, if it goes through:
https://www.gibsondunn.com/the-us-comptroller-of-the-currency-nominee-and-her-writings-what-they-mean-for-banks-and-fintechs/
Employees that make under 25 an hour will be automated away anyways. Tellers and branch bankers are downsizing, call center employees are downsizing as well.
This is virtue signaling. Its good, but not as good as all the media and the bank say.
Think, people.
Why is RTO so important?
Because they want EVERYONE vaccinated.
Wake up.
This company is bleeding talent and struggling to recruit... all because of the RTO policy that they are still sticking to...
$25 by 2025
Lol
At the rate inflation is going, gallon of milk will be 24.99 by 2025.
More propaganda..
Bank of America Corp said on Wednesday it had raised its U.S. minimum hourly wage to $21, as it works to keep its promise of increasing the pay to $25 an hour by 2025.
Bank of America in May disclosed plans to raise its minimum wages for its U.S. employees, joining a clutch of firms that have pledged to pay employees more after a year of pandemic risks and government subsidies fueled conversations on whether companies pay their workers enough.
The $25 figure is higher than at competitors, and the second-largest U.S. bank has also asked its vendors to set a minimum wage of $15 an hour.
In the last four years, Bank of America raised the minimum hourly wage to $20 from $15.
Companies have sometimes been prodded to boost wages by employee complaints that spill into the public sphere. But there are also political pressures and a competitive reality in which one big company outlines a higher pay scale and others follow suit.
Walmart Corp, Starbucks Corp, Amazon.com Inc and CVS Health have raised or are planning to hike wages.
The current minimum wage at the federal level is $7.25 per hour, enacted more than a decade ago.