Santander raises minimum wage to $20 an hour amid recruiting frenzy

Published Updated 3 Min Read

Santander sign outside a branch.

Amidst a rapidly changing job market, employees are re-evaluating their workplace needs, demanding higher wages and better benefits. More companies are turning to minimum wage increases as a means to stay competitive.

Retail banking company Santander recently announced that it will increase its minimum hourly wage to $20 — nearly triple the federal minimum wage and higher than the minimum wage offered by most leading competitors — for all employees.

Paola Peralta
Associate Editor

Paola Peralta is an Associate Editor at Employee Benefit News and has been with the team for five years. She is a proud UCF journalism graduate who got her start through a Dow Jones News Fund … Read full bio


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