wbjournal.com | June 27, 2022 | Worcester Business Journal 27
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What would you like the power to do?
®
Since 2017, BankofAmerica has raised the minimum rate of payforall U.S. employees by
more than 46%,bringing it to an annual rate of more than $45,000 for full-time employees.
It's part of our commitment to being a great place to work and one way we help employees
build a career with us. We're alsoencouraging job growth and providing economic security
for thousands ofindividualswho aresupporting fellow teammates, our clients andthe
localcommunities where we live and work.
Offering competitive pay and benefits to support our employees and their familiesiscritical
to attracting and retaining the best talent.We'll keep leading the way and doing more.
When you have a strong team, you want to take care of them the best way you
can. Raising the minimum rate of pay is just one way for us to show that we care
and value everyone's commitment.
Edwin T. Shea, Jr.
President, Bank of America Worcester
We've increased our U.S. minimum hourly
wage to
¬
22 on the way to
¬
25 by 2025.
¬
22 in 2022
