It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Fifth Third Bancorp announced plans today to raise its minimum hourly wage for all employees to $15, and distribute a one-time bonus of $1,000 for more than 13,500 employees. The actions are in appreciation for the commitment employees show in supporting customers and building stronger communities.
Newly passed tax legislation includes a reduction in corporate tax rates designed to spur economic growth. Carmichael said the tax cut allowed the Bank the opportunity to reevaluate its compensation structure and share some of those benefits with its talented and dedicated workforce.
Your thinking is out of touch.
Fifth Third Bancorp announced plans today to raise its minimum hourly wage for all employees to $15, and distribute a one-time bonus of $1,000 for more than 13,500 employees
originally posted by: pavil
link
Fifth Third Bancorp announced plans today to raise its minimum hourly wage for all employees to $15, and distribute a one-time bonus of $1,000 for more than 13,500 employees. The actions are in appreciation for the commitment employees show in supporting customers and building stronger communities.
Why did they do this?
Newly passed tax legislation includes a reduction in corporate tax rates designed to spur economic growth. Carmichael said the tax cut allowed the Bank the opportunity to reevaluate its compensation structure and share some of those benefits with its talented and dedicated workforce.
But, but, but.........
originally posted by: intrptr
a reply to: whywhynot
Your thinking is out of touch.
Whats 'out of touch' is how much the bank gets from the reduction in taxes.
Besides as I read it, "planning" to raise wages isn't the same thing as actually raising them.
Fifth Third Bancorp announced plans today to raise its minimum hourly wage for all employees to $15, and distribute a one-time bonus of $1,000 for more than 13,500 employees
Is that kind of like when the gubment "Pledges" money for relief efforts somewhere, then welshes on the Deal?
'Announcements' of plans are fine and all... unlike banksters though to give more of anything except interest. Believe whatever you want, show me a pay stub, before and after.
originally posted by: nwtrucker
originally posted by: pavil
link
Fifth Third Bancorp announced plans today to raise its minimum hourly wage for all employees to $15, and distribute a one-time bonus of $1,000 for more than 13,500 employees. The actions are in appreciation for the commitment employees show in supporting customers and building stronger communities.
Why did they do this?
Newly passed tax legislation includes a reduction in corporate tax rates designed to spur economic growth. Carmichael said the tax cut allowed the Bank the opportunity to reevaluate its compensation structure and share some of those benefits with its talented and dedicated workforce.
But, but, but.........
I am flat out stunned at the speed of these developments. Imagine how the left feels.....LMAO
originally posted by: 3NL1GHT3N3D1
"Plans" to increase minimum wage. Plans don't always follow through and knowing banks they'll find some way out of it one way or another. Hopefully I'm wrong but it seems you're counting your eggs before they hatch.
originally posted by: Bluntone22
How many employees did they have at the current federal minimum?
My guess is not many.