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BofA Raises U.S. Minimum Hourly Wage to $24, Increasing Starting Salary to Nearly $50K
BACBank of America(BAC) Prnewswire·2024-09-10 09:55

The bank has committed to 25perhourby2025CHARLOTTE,N.C.,Sept.10,2024/PRNewswire/−−Today,BankofAmericaannouncedthatithasraisedits U.S.minimumhourlywageto25 per hour by 2025CHARLOTTE, N.C., Sept. 10, 2024 /PRNewswire/ -- Today, Bank of America announced that it has raised its U.S. minimum hourly wage to 24 per hour, the latest step in the company's commitment to 25by2025.Withtheincrease,theminimumannualizedsalaryforfull−timeemployeesintheU.S.willrisetonearly25 by 2025. With the increase, the minimum annualized salary for full-time employees in the U.S. will rise to nearly 50,000. The increase applies to all full-time and part-time hourly positions in the U.S.A national leaderThis move builds on the bank's history of being a ...