(New York) Bank of America said on Tuesday it wanted to raise the minimum wage for its employees in the United States to $ 25 an hour and require its suppliers to pay their own employees at least $ 15 an hour.
Posted on May 18, 2021 at 12:06 p.m.
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Providing “a satisfactory work environment” is “one of the fundamental principles of responsible growth,” said Sheri Bronstein, director of human resources at Bank of America, in a statement.
“This includes strong compensation and competitive benefits to help (employees) and their families, so that we continue to attract and retain top talent,” she added.
Bank of America already offered a minimum wage of $ 20 since March 2020 and points out that 99% of its suppliers already offer a salary of at least $ 15 to some 42,000 employees working for the financial institution.
The debate over the minimum hourly wage is intensifying in the United States.
It is currently at $ 7.25, but several states impose a higher level.
Joe Biden had promised to raise it to $ 15 across the United States during his campaign but has so far failed to get the measure passed.
While companies see their activity pick up again as the population is vaccinated, they sometimes struggle to recruit, especially in sectors where wages are the lowest.
Several large groups have therefore recently increased their minimum hourly wages for hire, including McDonald’s, to $ 11 an hour, and Amazon, to $ 17 on average.
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