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2mo ago

Bank of America Lifts U.S. Hourly Minimum to $25 Starting in Early October

The bank frames the raise as part of a yearslong pay strategy focused on retention, training, and long-term career growth.

Bank of America anunció el incremento de su salario mínimo a 25 dólares por hora, lo que equivale a un ingreso anual superior a los 50,000 dólares para sus empleados de tiempo completo.
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Overview

  • The new floor represents a $1 increase, about 4% above the $24 rate set in 2024.
  • The change applies to all U.S. hourly roles, both full- and part-time, and takes effect in early October 2025, benefiting thousands of employees.
  • With the increase, the annualized minimum for full-time positions will exceed $50,000.
  • Since 2017, the bank’s internal minimum has risen steadily, lifting base pay for full-time entry roles by more than $20,000.
  • Bank of America says 97% of employees have received supplemental awards, totaling roughly $5.8 billion since 2017.