Articles Tagged with ''Minimum wage''

[Video] First Financial Northwest gives back to employees after tax reform

Announces $1,000 bonus for all non-executive employees
First Financial Northwest, the holding company for First Financial Northwest Bank, became the latest bank to report it is giving back to its employees after tax reform passed. It announced it has given all of its non-executive employees a $1,000 after-tax bonus, regardless of their role or tenure with the company.
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U.S. Bank becomes latest bank to increase wages, hand out bonuses after tax reform

Also making $150 million contribution to bank’s charitable arm
Late last month, after President Donald Trump signed the tax reform bill into law, several large financial institutions announced that they planned to raise employee wages and make other investments thanks to the law reducing the corporate tax rate from 35% to 21%. On Tuesday, U.S. Bank became the latest bank to take similar action.
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These banks raised wages on heels of tax reform

More mortgages for low-to-moderate income borrowers, too
Banks are giving back to their employees after Republicans in Congress passed their major tax overhaul last week. One bank even announced it would increase funding to its program which offers down payment assistance and financial education to homebuyers.
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[Factsheets] It's officially impossible to rent at minimum wage in most of the country

Less than 20 states show practical rental affordability
These charts from the National Low Income Housing Coalition break down the information from each state to show how rising rent costs and affordability issues are affecting those that earn minimum wage. What's worse, there are no states where you can work less than 40 hours a week at minimum wage and still afford to rent even a one-bedroom unit.
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Florida bank to pay all employees “living wage”

First Green Bank ups wages and eliminates salary caps
According to a report from CNN Money, the bank will be giving a raise to 17% of its 66 employees this week to raise their salaries to a level that’s at least double the minimum wage for the state of Florida.
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