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Bank of America raises minimum hourly pay to $24, as tellers flee the industry

September 12, 2024 Robert Harrington

Bank of America is pledging to pay its bank tellers and other hourly workers at least $24 per hour starting in October.

The company says that this pay raise, from $23 per hour currently, will affect “thousands” of its 212,000 employees. The wage increase will particularly affect tellers and other customer-facing employees, such as call-center workers. READ MORE

← Executive benefits key to retaining leaders, report finds A widening gender wage gap shows pay transparency isn’t yet working as intended →

rharrington@bullseye.consulting

       @BobJHarrington