Bank of America raises minimum wage to $21 per hour
Bank of America raises minimum wage to $21 per hour
- Oct 11, 2021
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Sheri Bronstein, the chief human resources officer at the bank said that the dollar-an-hour increase is part of an effort to attract "attract and develop talented teammates". She also added that the bank's decision would hopefully inspire others to do the same as well. JPMorgan Chase, the biggest bank in the US pays its employees a minimum of $16.50 to $20 per hour and Wells Fargo pays between $15 and $20. The new minimum wage by the Bank of America means that its workers now make $43,680 a year, with benefits.
Source: CBS News
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