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Associated Bank increases minimum wage

Green Bay-based Associated Bank announced that it will raise its minimum wage from $10 to $15 and distribute a one-time bonus for all hourly non-commissioned employees (55% of Associated’s staff).

The pay increase and bonuses would be distributed during the first quarter of 2018.

In a release, Philip B. Flynn, president and CEO, explained that the new tax legislation, and the reduction of business tax rates in particular, is allowing the bank to share some of the benefits with employees.

Associated is not alone. Mega companies such as AT&T, Boeing, Comcast, Fifth Third Bancorp, and Wells Fargo also announced plans to pass some of the tax savings on to employees in the form of one-time bonuses or wage increases.

Dec 28, 2017 01:47 pm
 Posted by  Anonymous

$15 is good for single employees but not real good for single mothers with children (basically guts their ability to get health care or child care subsidies) The business community in Madison needs to start lobbying for welfare to work policies that correspond to the actual economy not the fantasies of highly paid consultants who live outside the state.

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