Employee Retention
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Bank of America raises minimum wage to $25/hr
Bloomberg Television· 2025-09-17 17:01
Today, uh, we're announcing $25 an hour, which is $50,000 for a starting salary across the country, um, and higher in some places where the prevailing wages are higher, obviously. But that what that gives the teammate a chance to join our company, spend their whole career here, and support their families. So, not only is it the the $25 an hour minimum starting wage, it's the benefit structure, which is a a full 401k match, a full benefit cost that we for the teammates in the brackets of $25 an hour.We basic ...
X @The Wall Street Journal
The Wall Street Journal· 2025-08-30 23:08
Employee Retention Challenges - High employee turnover rate is observed [1] - Traditional retention methods like increased pay and promotions are proving ineffective [1] Alternative Solutions - A more effective approach to employee retention is suggested [1]
X @The Wall Street Journal
The Wall Street Journal· 2025-08-24 03:57
Employee Retention - Employees are leaving jobs at a high rate [1] - Usual retention methods like more pay and better title are not effective [1] - A better approach to employee retention is needed [1]
X @The Wall Street Journal
The Wall Street Journal· 2025-08-17 21:17
Employees are leaving jobs at a high rate, and the usual retention methods—more pay, better title—don’t work. There’s a better way. 🔗: https://t.co/aYTtsteL40 https://t.co/5v9RWMm6xl ...
X @The Wall Street Journal
The Wall Street Journal· 2025-08-17 01:53
Employee Retention - Employees are leaving jobs at a high rate [1] - Usual retention methods like more pay and better titles are ineffective [1] - A better way to retain employees exists [1]
X @The Wall Street Journal
The Wall Street Journal· 2025-08-10 03:18
Employee Retention - Employees are leaving jobs at a high rate [1] - Usual retention methods like more pay and better title are not effective [1] - A better way to retain employees exists [1]