Bank of America raises minimum hourly pay to $24, as tellers flee the industry

A Bank of America branch in Manhattan. The country's second-largest bank is increasing the wages of its lowest-paid workers, who will start earning at least $24 per hour in October.

Bank of America is pledging to pay its bank tellers and other hourly workers at least $24 per hour starting in October. The company says that this pay raise, from $23 per hour currently, will affect “thousands” of its 212,000 employees. The wage increase will particularly affect tellers and other customer-facing employees, such as call-center workers.their starting pay for hourly workers in the past few years, in part due to the difficulty of attracting workers to these relatively unglamorous and non-remote-friendly jobs. The U.S.

Yet this latest increase also underscores the vast income disparities across the financial industry, between the hourly retail workers who deal with customers and the

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bank of America raises minimum hourly pay to $24, as tellers flee the industryBank of America will pay hourly workers at least $24 per hour — a big jump from early 2019, when it paid $15 per hour. It has launched a series of pay raises as the industry struggles to fill bank teller jobs.
Source: NPR - 🏆 96. / 63 Read more »