JPMorgan Chase says it will give raises to 18,000 tellers, customer service employees, and other workers over the next two years.
In an op-ed published Tuesday in the New York Times, JPMorgan Chase Chairman and CEO Jamie Dimon wrote that the bank will raise its minimum pay to a range of $12 to $16.50 an hour, depending on market and location factors.
Its current minimum pay is $10.15 an hour. Dimon also writes that the bank will invest more in training that helps workers get promoted to higher-paying positions.
The federal minimum wage has been $7.25 an hour since 2009, but since early 2015, major U.S. companies including Wal-Mart, Target and McDonald’s have announced pay increases for at least some of their employees.
By: Associated Press (New York).
Photo: BBC.
Review: Emerging Market Formulations &
Research Unit, FLAGSHIP RECORDS.
For The #FacebookTeam