Bank of America launches new app for retirement withdrawals
The country's second-largest bank has unveiled a digital platform for retirement decisions — not on how to save, but how to disburse those savings in a steady, sustainable way.
Bank of America
Wall Street’s dramatic year ends with flat bonuses for traders
Wall Street's dramatic year of dealmaking drought, collapsing banks and job cuts is ending without increased bonuses for traders.
Benefits in action: At BofA, a month off work is good for employees — and the company
One Bank of America employee explains the impact a new sabbatical program had on her and her family.
Podcast Getting schooled
At Bank of America, education benefits drive employee loyalty — and help create professional growth for workers as well as their families.
Benefits in action: This BofA employee earned two degrees in two years with zero debt
Polyanna Unruh embraced her employer's tuition-assistance benefit to go from high-school graduate to MBA.
Bank of America-backed scorecard lets companies assess workplace mental health
The Mental Health at Work Index will score the effectiveness of an organization's mental-health programs and recommend enhancements.
Get real: Bank of America is betting on virtual reality to upskill its staff
Since launching virtual reality trainings one year ago, BofA is doubling down on the technology due to outsize success.
Bank of America offers up to six weeks paid sabbatical for longtime workers
Beginning next year, the bank will offer time off to let employees "reinvest in their priorities in life."
Wall Street banks lead return-to-office push
With Labor Day behind us, bosses are expecting workers to finally start showing up more regularly at Manhattan offices.
Bank of America tells NYC staff they can WFH over the holiday
The bank is also providing free COVID-19 tests to staff and continuing to encourage employees to take precautions that will keep them safe.
Bank of America bumps its minimum wage again on the way to $25 an hour
Bank of America is bumping its minimum hourly wage to $21, taking another step toward a goal of paying $25 by 2025.
Bank of America doubles goal of hiring 10,000 workers from low-income areas
In an effort to diversify its workforce, the company hopes to reach this goal by 2025.
Bank of America increases pay to attract young talent
The bank joins a growing number of businesses increasing salaries to lure workers to Wall Street.
Bank of America announces $25 minimum wage in recruiting effort
More companies are offering higher wages and cash payments to employees as the U.S. economy rebounds from the pandemic.
Bank of America employees’ return to the office may pick up in September
The lender is encouraging employees to get vaccinated and allowing some locations to reopen if half of staff there are inoculated.
Bank of America ups equality pledge to $1.25 billion amid anti-Asian racism
Bank of America pledged an additional $250 million toward its push to advance racial equality, adding more programs that advocate for Asian Americans to its existing initiatives. Read more: How AI can eliminate bias in compensation practices The lender will commit $1.25 billion over five years, expanding an earlier pledge of $1 billion over four […]
Glassdoor rates the best companies for Black employees
The leading factor behind job dissatisfaction for Black employees is underrepresentation in professional and management roles.
Bank of America to pay bonuses for staff working through pandemic
During the pandemic, the company rolled out a raft of extra benefits for its staff, 85% of whom were sent to work from home.
Predicting 2021 workplace trends and benefits
Our top stories from January look at predictions for the workplace this year and how employers plan to tackle COVID-19 vaccinations.
Bank of America extends pandemic benefits for caregivers through March
Through the end of the first quarter, workers will be reimbursed $75 or $100 a day to pay caregivers, depending on the employee’s compensation.
