CHARLOTTE, N.C.–(BUSINESS WIRE)–Bank of America today announced that it will increase its minimum wage to, $20 consistent with an hour over a year period. The boom will arise in increments. On May 1, 2019, the minimum hourly salary will increase to $17 and will hold to upward push until it reaches $20 in 2021. This is a part of the business enterprise’s dedication to being an amazing place to paintings and turning in sustainable, accountable increases through aggressive advantages and packages that support the numerous needs of its 205,000+ personnel.
“We are raising our minimum wage because we trust that to provide exceptional service to our clients and clients, we want exceptional teams,” stated Sheri Bronstein, leader of human resources at Bank of America. “Saying thank you, celebrating tremendous work, and sharing our fulfillment similarly show our commitment to being an outstanding region to work.”
