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Dec 30th, 2023
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 Re: Bank of America to raise pay to $25.00/hr
[Re: WAWI]
#14003581
05/19/21 04:56 PM
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Joined: Nov 2009
Posts: 40,936
Dan90210 ☮
Jr Deputy Dan
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Jr Deputy Dan
Joined: Nov 2009
Posts: 40,936 |
And as a shareholder I dont support this, I may send a strongly worded email lol This will be good for you. The big banks do nothing that is not good for the shareholders. Pre 2016 we had a slogan, moto whatever that said we have three priorities or "Responsibilities". A Responsibility to each other. A Responsibility to the Clients. A Responsibility to the Shareholders. Mid 2016 that was changed to just "Reasonability to Shareholders" and that was no joke. For example we stopped doing most customer satisfaction surveys. What? Why!? Well Business Insights and Analytics did the research and said that there was ZERO correlation between customer satisfaction and profits. So who cares if they are happy? We getting paid all the same.
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Re: Bank of America to raise pay to $25.00/hr
[Re: TR176]
#14003591
05/19/21 05:07 PM
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Joined: Apr 2021
Posts: 1,180
n2ratfishin
Extreme Angler
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Extreme Angler
Joined: Apr 2021
Posts: 1,180 |
The only entities around that keep excess employees around is government at any level. I cannot imagine why anyone would need to go into a bank anymore it is not 1990 where ATMs were just starting and the Internet hadn’t been invented by algore. Human interaction is good for the soul. We're quickly losing any sense of community with the ease of sitting at home ordering groceries, banking, working, etc...at home.
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Re: Bank of America to raise pay to $25.00/hr
[Re: PondFish]
#14003599
05/19/21 05:20 PM
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Joined: Mar 2014
Posts: 683
Resh
Pro Angler
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Pro Angler
Joined: Mar 2014
Posts: 683 |
That's $52K for a full time spot. Hope those employees will be happy with their new tax bracket. Reads as a feel good story as if the lower paid employees will be moved to this pay floor. Reality is they all get replaced by an ATM and BoA keeps paying the employees above 50k the same and gets the positive publicity for such a “generous move”
There are no fish in sonic pond EDIT: Except 1 20lb catfish
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Re: Bank of America to raise pay to $25.00/hr
[Re: Spiderman]
#14003622
05/19/21 06:00 PM
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Joined: May 2003
Posts: 2,946
mstring
Extreme Angler
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Extreme Angler
Joined: May 2003
Posts: 2,946 |
Not reading all the comments but from my experience working in IT for a large bank and talking to lots of people, they are probably talking more about customer facing employees, mainly tellers. Most folks that work back office and never see the customers make way more than that. Every day we get a list of the branches that are closed that day for one reason or another. The biggest reason lately is staffing. Not enough tellers to man all the branches every day. No one usually stays very long, more pay would help retention I'm sure.
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Re: Bank of America to raise pay to $25.00/hr
[Re: Bad93ex]
#14003636
05/19/21 06:09 PM
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Joined: May 2003
Posts: 2,946
mstring
Extreme Angler
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Extreme Angler
Joined: May 2003
Posts: 2,946 |
There will be one teller in the branch and you will be battling in line at the atm. They will have virtual tellers now That is a trend that is coming. They will have kiosks like ordering at Mcdonalds and the ATMs will have a screen. You get to work with someone either in a remote call center or in some cases, at home. The advantage for the customer is you have their undivided attention.
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Re: Bank of America to raise pay to $25.00/hr
[Re: TR176]
#14003678
05/19/21 06:55 PM
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Joined: May 2007
Posts: 45,028
WAWI
TFF Guru
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TFF Guru
Joined: May 2007
Posts: 45,028 |
The only entities around that keep excess employees around is government at any level. I cannot imagine why anyone would need to go into a bank anymore it is not 1990 where ATMs were just starting and the Internet hadn’t been invented by algore. We buy change at bank several times a week for store. Commercial is a bit different but yes it's rare I walk in for personal business. Usually getting something notorized or I'm headed to vegas.
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Re: Bank of America to raise pay to $25.00/hr
[Re: Spiderman]
#14003695
05/19/21 07:10 PM
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Joined: May 2007
Posts: 45,028
WAWI
TFF Guru
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TFF Guru
Joined: May 2007
Posts: 45,028 |
And let me add that 9 times outa 10 when someone is in the back for personal business when I'm there it's an old person who cant read a bank statement, doesnt understand pending authorization on a debit card or some other basic function in 2021 that they should have known for the last 40 years or so......
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Re: Bank of America to raise pay to $25.00/hr
[Re: RedRanger]
#14003844
05/19/21 10:22 PM
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Joined: May 2008
Posts: 10,995
Rayzor
TFF Guru
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TFF Guru
Joined: May 2008
Posts: 10,995 |
Since they only have two tellers in all their branches now(if that many) it won’t make much difference to their payroll. No doubt........ This is true. The last time I went through the drive-thru at the bank, I saw 2 people behind the glass. They both seemed to be work the front walk-up desk and the drive-thru.
Last edited by Rayzor; 05/21/21 10:20 PM.
Be safe, Rayzor ![[Linked Image]](http://i418.photobucket.com/albums/pp267/JLedbetter/th_Boatpics036.jpg) 2001 Triton Tx-21/225 Mercury EFI
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Re: Bank of America to raise pay to $25.00/hr
[Re: WAWI]
#14003889
05/19/21 11:01 PM
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Joined: Jun 2012
Posts: 507
wt luke
Pro Angler
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Pro Angler
Joined: Jun 2012
Posts: 507 |
And let me add that 9 times outa 10 when someone is in the back for personal business when I'm there it's an old person who cant read a bank statement, doesnt understand pending authorization on a debit card or some other basic function in 2021 that they should have known for the last 40 years or so...... The old person doing personal business in the back was probably me. I've carried a debit card for many years and have used it exactly once. 
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Re: Bank of America to raise pay to $25.00/hr
[Re: Dan90210 ☮]
#14004079
05/20/21 02:48 AM
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Joined: Jul 2011
Posts: 9,268
the skipper
TFF Celebrity
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TFF Celebrity
Joined: Jul 2011
Posts: 9,268 |
And as a shareholder I dont support this, I may send a strongly worded email lol This will be good for you. The big banks do nothing that is not good for the shareholders. Pre 2016 we had a slogan, moto whatever that said we have three priorities or "Responsibilities". A Responsibility to each other. A Responsibility to the Clients. A Responsibility to the Shareholders. Mid 2016 that was changed to just "Reasonability to Shareholders" and that was no joke. For example we stopped doing most customer satisfaction surveys. What? Why!? Well Business Insights and Analytics did the research and said that there was ZERO correlation between customer satisfaction and profits. So who cares if they are happy? We getting paid all the same. Man, that sounds like the same place I work. Its a repeating theme throughout big corporations
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Re: Bank of America to raise pay to $25.00/hr
[Re: the skipper]
#14004083
05/20/21 02:52 AM
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Joined: Nov 2005
Posts: 7,620
Kentucky
TFF Celebrity
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TFF Celebrity
Joined: Nov 2005
Posts: 7,620 |
And as a shareholder I dont support this, I may send a strongly worded email lol This will be good for you. The big banks do nothing that is not good for the shareholders. Pre 2016 we had a slogan, moto whatever that said we have three priorities or "Responsibilities". A Responsibility to each other. A Responsibility to the Clients. A Responsibility to the Shareholders. Mid 2016 that was changed to just "Reasonability to Shareholders" and that was no joke. For example we stopped doing most customer satisfaction surveys. What? Why!? Well Business Insights and Analytics did the research and said that there was ZERO correlation between customer satisfaction and profits. So who cares if they are happy? We getting paid all the same. Man, that sounds like the same place I work. Its a repeating theme throughout big corporations My super woke banking company just had Megan Rapinoe come give a leadership talk. Glad that i was off
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Re: Bank of America to raise pay to $25.00/hr
[Re: Kentucky]
#14004096
05/20/21 03:10 AM
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Joined: Nov 2009
Posts: 40,936
Dan90210 ☮
Jr Deputy Dan
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Jr Deputy Dan
Joined: Nov 2009
Posts: 40,936 |
And as a shareholder I dont support this, I may send a strongly worded email lol This will be good for you. The big banks do nothing that is not good for the shareholders. Pre 2016 we had a slogan, moto whatever that said we have three priorities or "Responsibilities". A Responsibility to each other. A Responsibility to the Clients. A Responsibility to the Shareholders. Mid 2016 that was changed to just "Reasonability to Shareholders" and that was no joke. For example we stopped doing most customer satisfaction surveys. What? Why!? Well Business Insights and Analytics did the research and said that there was ZERO correlation between customer satisfaction and profits. So who cares if they are happy? We getting paid all the same. Man, that sounds like the same place I work. Its a repeating theme throughout big corporations My super woke banking company just had Megan Rapinoe come give a leadership talk. Glad that i was off She is a fantastic athlete and from all reports a great Captain. Mad respect to the Gold Medal athlete and team Captain. I would love to chat with her over lunch. That said not sure what she knows about banking or leadership in the culture and organizational structure of a financial institution. Its a bit different than women's soccer I am sure. Did she get $25 an hour? Anything over that is not being responsible to the shareholder... tisk tisk.
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