CHARLOTTE — Truist Financial Corp. is the latest of Charlotte’s big banks to hike its minimum wage above $20 per hour. The company announced in a press release this morning that it is increasing its minimum hourly pay for U.S. employees to $22, effective Oct. 1.
Charlotte-based Truist follows several of its peers in raising minimum pay.
Its minimum wage previously ranged from $15-$18 per hour, based on geography. The move will provide a boost to 14,000 of its employees, including 81% of those who are in client-facing roles in retail and small-business banking.
Read more here.
(Watch below: Bank of America ups minimum wage for a second time in less than a year)
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