BofA Raises U.S. Minimum Hourly Wage to $25, Increasing Starting Salary to More Than $50K
Bank of America (NYSE:BAC) has announced raising its U.S. minimum hourly wage to $25, effective early October 2025. This increase will boost the minimum annualized salary for full-time employees to over $50,000, delivering on the company's pledge to reach $25 by 2025.
The bank has demonstrated consistent wage growth, having increased minimum pay by more than $20,000 since 2017. Additionally, 97% of employees have received awards beyond regular compensation, with nearly $5.8 billion awarded since 2017, mostly in restricted common stock. The company also offers comprehensive benefits including 26 weeks of parental leave, backup childcare, and wellness programs.
Bank of America (NYSE:BAC) ha annunciato l’aumento dello stipendio minimo orario negli Stati Uniti a $25, con effetto dall’inizio di ottobre 2025. Questo incremento porterà lo stipendio minimo annuo per i dipendenti a tempo pieno a oltre $50,000, mantenendo la promessa dell’azienda di raggiungere $25 entro il 2025.
La banca ha mostrato una crescita salariale costante, incrementando la retribuzione minima di oltre $20,000 dal 2017. Inoltre, 97% dei dipendenti ha ricevuto premi oltre la normale retribuzione, con quasi $5.8 billion assegnati dal 2017, per lo più in azioni comuni vincolate. L’azienda offre inoltre benefici completi, tra cui 26 settimane di congedo parentale, assistenza per l’infanzia in caso di necessità e programmi di benessere.
Bank of America (NYSE:BAC) ha anunciado que elevará su salario mínimo por hora en EE. UU. a $25, con efecto a principios de octubre de 2025. Este incremento llevará el salario anual mínimo para empleados a tiempo completo por encima de $50,000, cumpliendo con el compromiso de la empresa de alcanzar $25 para 2025.
El banco ha mostrado un crecimiento salarial constante, aumentando el pago mínimo en más de $20,000 desde 2017. Además, 97% de los empleados ha recibido premios más allá de la compensación habitual, con casi $5.8 billion otorgados desde 2017, en su mayoría en acciones comunes restringidas. La empresa también ofrece beneficios integrales, incluyendo 26 semanas de permiso parental, cuidado de niños de respaldo y programas de bienestar.
Bank of America (NYSE:BAC)가 미국 내 시급 최저임금을 $25로 인상하고 이를 2025년 10월 초부터 시행한다고 발표했습니다. 이 인상으로 풀타임 직원의 연간 최저급여가 $50,000를 넘어설 것이며, 2025년까지 시급 25달러 달성이라는 회사의 약속을 이행합니다.
또한 은행은 2017년 이후 최저임금이 $20,000 이상 인상되는 등 지속적인 임금 인상을 보여주었고, 직원의 97%가 정규 보상을 넘어서는 보상을 받았으며, 2017년 이후 거의 $5.8 billion가 수여되었고 대부분은 제한된 일반주로 지급되었습니다. 회사는 26주간의 육아휴가, 백업 보육 서비스, 웰빙 프로그램 등 포괄적인 혜택도 제공합니다.
Bank of America (NYSE:BAC) a annoncé porter le salaire horaire minimum aux États‑Unis à $25, à compter du début octobre 2025. Cette hausse portera le salaire annuel minimum des salariés à temps plein à plus de $50,000, honorant l’engagement de l’entreprise d’atteindre $25 d’ici 2025.
La banque a démontré une croissance salariale constante, avec une augmentation du salaireMinimum de plus de $20,000 depuis 2017. De plus, 97% des employés ont reçu des primes au‑delà de la rémunération habituelle, avec près de $5.8 billion attribués depuis 2017, principalement sous forme d’actions ordinaires restreintes. L’entreprise propose également des prestations complètes, dont 26 semaines de congé parental, une garde d’enfants de secours et des programmes de bien‑être.
Bank of America (NYSE:BAC) hat bekannt gegeben, dass der US‑Stundenlohn ab Anfang Oktober 2025 auf $25 steigt. Diese Erhöhung wird das jährliche Mindestgehalt für Vollzeitmitarbeiter auf über $50,000 erhöhen und erfüllt das Versprechen des Unternehmens, bis 2025 25 USD zu erreichen.
Die Bank hat eine konstante Lohnerhöhung gezeigt und den Mindestlohn seit 2017 um mehr als $20,000 erhöht. Außerdem haben 97% der Mitarbeitenden Zusatzleistungen über das übliche Gehalt hinaus erhalten, mit fast $5.8 billion USD, die seit 2017 vergeben wurden, überwiegend in eingeschränkten Stammaktien. Das Unternehmen bietet außerdem umfassende Vorteile, darunter 26 Wochen Elternzeit, Backup‑Kinderbetreuung und Wellness‑Programme.
Bank of America (NYSE:BAC) أعلنت زيادة الحد الأدنى للأجر بالساعة في الولايات المتحدة إلى $25، على أن يبدأ التنفيذ في أوائل أكتوبر 2025. ستؤدي هذه الزيادة إلى رفع الحد الأدنى السنوي للأجر للموظفين بدوام كامل إلى أكثر من $50,000، والتزام الشركة بتحقيق 25 دولار بحلول 2025.
لقد أظهرت البنك نمواً مستمراً في الأجور، حيث زاد الحد الأدنى للأجر بمقدار أكثر من $20,000 منذ 2017. بالإضافة إلى ذلك، تلقى 97% من الموظفين مكافآت تتجاوز التعويض المعتاد، مع ما يقرب من $5.8 billion دولاراً مُنحت منذ 2017، في الغالب على شكل أسهم عادية مقيدة. كما تقدم الشركة مزايا شاملة تشمل 26 أسبوعاً من إجازة الأبوة/الأمومة، ورعاية الأطفال الاحتياطية، وبرامج للصحة العامة.
Bank of America (NYSE:BAC)宣布将美国的最低小时工资提高至$25，自2025年10月初起生效。这一增幅将使全职员工的年最低工资超过$50,000，兑现公司在2025年前实现15美元目标的承诺。
该行显示出持续的薪酬增长，自2017年以来最低工资已上升超过$20,000。此外，97%的员工获得了超出常规薪酬的奖励，自2017年以来累计发放近$5.8 billion美元，主要以受限普通股形式发放。公司还提供全面福利，包括26周的育儿假、备用托儿服务以及健康计划。
- Minimum hourly wage increased to $25, resulting in $50,000+ annual salary for full-time employees
- 97% of employees received additional compensation awards beyond regular salary
- $5.8 billion in employee awards distributed since 2017, mostly in company stock
- Comprehensive benefits package including 26 weeks parental leave and childcare support
- Strong commitment to employee development and career advancement opportunities
- Increased labor costs may impact operational expenses and profitability
Insights
BofA's wage hike to $25/hour represents significant investment in workforce competitiveness while potentially impacting operational costs and employee retention.
Bank of America's wage increase to
The strategic timing is notable - delivering exactly on their "
From a labor economics perspective, this creates significant competitive pressure on peer institutions while potentially compressing their internal compensation bands. The increase affects thousands of employees nationwide, creating a substantially more attractive entry point for frontline workers. However, this also represents a significant increase in fixed operational costs, which investors will be watching closely to ensure it translates to proportionate productivity gains, enhanced customer service metrics, and improved talent retention statistics.
The move aligns with BofA's broader strategy of investing in employee development infrastructure, including their Academy program and sabbatical options, suggesting they're positioning these compensation increases as investments rather than expenses - betting that enhanced employee stability will yield operational efficiencies that offset the additional wage burden.
The increase delivers on a pledge to hit
A national leader
- This is the company's latest move, after steadily increasing over the last several years, from under
$15 $25 - It builds on the bank's history of being a national leader in establishing a competitive minimum rate of pay for
U.S. hourly employees - With the increase to
$25 U.S. employees at the bank will have gone up by more than$20,000
Joining the bank at the minimum wage is a launchpad for a long-term career. From onboarding and professional development to tuition assistance and career mobility, the company is committed to a workplace where every teammate has the opportunity to grow and succeed.
"Our strong and rising minimum starting salary provides opportunities for our teammates to build a long-term career at Bank of America," said Sheri Bronstein, Chief People Officer, Bank of America. "Competitive compensation is one of the many ways we are helping to drive American economic growth and opportunity."
Competitive pay, industry-leading benefits
As a further investment in the team,
Bank of America also offers industry-leading benefits and employee programs for all. Additional benefits include, but are not limited to:
- An award-winning onboarding, education and professional development organization, The Academy
- 26 weeks of parental leave; 16 are fully paid
- An industry-leading sabbatical program, offering 4-6 weeks of paid time off based on tenure
- Back up child and adult care program, as well as for eligible teammates, a reimbursement program for childcare expenses
U.S. health plans include no-cost wellness visits, preventative medications, virtual care and onsite screenings- Personalized support for employees and their families navigating critical life events through our Life Event Services team
Through an ongoing investment in skills-based training and a culture rooted in opportunity, many teammates who started their careers at a minimum wage salary rise to roles where they lead, mentor, provide for their families and give back to their communities.
Bank of America's leadership as a global employer of choice has been recognized by many external organizations, including LinkedIn's Top Companies in the
Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in
For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.
Reporters may contact
John Yiannacopoulos, Bank of America
Phone: 1.646.855.2314
john.yiannacopoulos@bofa.com
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SOURCE Bank of America Corporation
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