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Top related persons:
Andrew Kelly - 1 BofA - 1 Sheri Bronstein - 1 Lananh Nguyen - 1 Miral - 1
Top related locs:
Manhattan , New York City , New York U.S
Top related orgs:
Bank of America - 1 REUTERS - 1 Companies Bank of America Corp - 1 Thomson - 1

Search resuls for: "Sheri Bronstein"


2 mentions found


☆ Bank of America to raise minimum wage to $23 an hour in October
  + stars: | 2023-09-20 | by ( Lananh Nguyen | Thomson Reuters | Lananh Nguyen Is The U.S. Finance Editor At Reuters In New York | ) www.reuters.com   time to read: +1 min
A signage is seen at the Bank of America Tower in Manhattan, New York City, New York, U.S., November 2, 2022. REUTERS/Andrew Kelly Acquire Licensing RightsCompanies Bank of America Corp FollowNEW YORK, Sept 20 (Reuters) - Bank of America (BAC.N) will boost its minimum hourly wage to $23 in October as it heads toward a goal of raising hourly pay to $25 by 2025, the company said in a statement Wednesday. The pay bump translates to a minimum salary of almost $48,000 a year for full-time employees, according to the second largest U.S. lender. BofA has increased pay several times in recent years, starting with a move to $15 an hour in 2017. "Providing a competitive minimum rate of pay is foundational," Sheri Bronstein, the bank's chief human resources officer said in the statement.
Persons: Andrew Kelly, BofA, Sheri Bronstein, Lananh Nguyen, Miral Organizations: Bank of America, REUTERS, Companies Bank of America Corp, Thomson Locations: Manhattan , New York City , New York, U.S
☆ Bank of America's CHRO Sheri Bronstein shares how she led a crisis response for the bank's 200,000 employees
  + stars: | 2021-04-22 | by ( Aman Kidwai | ) www.businessinsider.com   time to read: +4 min
The bank retrained over 20,000 employees for new roles while 85% of the company worked remotely. CHRO Sheri Bronstein shared her approach during this time and what she learned from the experience. "2020 led to more discussions and immediate actions among myself and fellow C-suite executives than ever before," Bronstein told Insider. Bronstein was named one of Insider's 2021 HR Innovators for how her 2,600-person team supported workers over the past year. Its $6 million relief fund provided grants to those with emergency financial hardships and regular coronavirus PCR tests were offered to employees working in offices or retail branch locations.
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