Bank Of America Lifts Hourly Wages To $24
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Bank of America Corp. has announced an increase in its minimum wage in the U.S. to $23 per hour, aiming to reach $25 by 2025. This change affects all full-time and part-time hourly positions, raising the minimum annual salary for full-time employees to nearly $50,000, an increase of nearly $10,000 since 2017. The bank emphasizes competitive wages and offers extensive benefits, including paid parental leave and professional development programs. Shares of Bank of America rose approximately 1.6% in pre-market trading.
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