Hartford Business Journal

HBJ 070422_Issue

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HARTFORDBUSINESS.COM | July 4, 2022 5 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. We've increased our U.S. minimum hourly wage to ¬ 22 on the way to ¬ 25 by 2025. ¬ 22 in 2022 BankofAmerica, N.A. Member FDIC. Equal Credit Opportunity Lender © 2022 BankofAmerica Corporation. All rights reserved. Joe Gianni President, Bank of America Greater Hartford Learn more at bankofamerica.com/hartford

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