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Bank of America is bumping its minimum hourly wage to $21, taking another step toward a goal of paying $25 by 2025.
The move, announced Wednesday, nudges pay up from $20, a level the firm had enacted last year ahead of schedule. A $21 wage translates to a full-time annualized salary of $43,680. It extends a series of hikes lifting the firm’s base pay from $15 in 2017.
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In addition to finding success with a self-funded model, an in-house program gives Fello's employees access to cost-free primary and urgent care.
The company's Life Event Services team guides colleagues through resources and benefits that make major milestones easier to manage, and has worked on more than 700,000 cases over 12 years.
A preventative and proactive approach offered as a stand-alone benefit will help avert crises and the accompanying ripple effect on well-being and productivity.
An expert from Apex HCM by IRIS details steps to mitigate risk and help employees get the most out of earned wage access.
Despite job openings and increasing unemployment, employers are having a hard time filling roles formerly occupied by non-American workers.
