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Old 01-11-2018, 08:57 AM   #65
FakeNameChanged
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Join Date: Jan 2010
Posts: 2,176
Quote:
Originally Posted by mostpost View Post
WOW!!! What generosity!! A $1200 bonus is fifty eight cents an hour over one year. A $1000 bonus is forty eight cents an hour and the $1500 per worker that one of the banks is adding to the pension benefits, comes out to seventy three cents an hour. All of those are one time payouts.

As for the $3 an hour increase in the minimum wage; how many employees will that actually affect? I doubt that there are very many minimum wage workers at any bank; certainly not the tellers, not the accountants. not the folks working in the loan department or the mortgage department, not the personal bankers or those working with businesses. I suspect even the custodial staff is making well in excess of minimum wage.

So, except for a tiny percentage, the banks are raising the wages of no one.
In return for which, their tax rate is being reduced by 40%.
The average salary for a bank teller as of Jan. 2018 is 27,825 per year. That's 13.38/hr. The range is 23K to 33k over 21,402 surveyed. Bank tellers are disappearing at an alarming rate even before the wage hikes.

https://www.glassdoor.com/Salaries/b...RCH_KO0,11.htm
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