Market newcomer PNC Bank raising minimum hourly wage to $18

PITTSBURGH — PNC Financial Services Group Inc. (NYSE: PNC), which broke into the Northern Colorado and Boulder Valley markets this year after its acquisition of BBVA USA, is raising its minimum hourly wage from $15 to $18.

The minimum pay rate increase will impact both PNC employees in legacy markets and BBVA USA employees converting to PNC in October, the company said in a news release.

“Our employees are our most precious resource, and by investing in them, we invest in our

future,” Vicki Henn, executive vice president and chief human resources officer for PNC, said in the release. “PNC’s success is dependent on the well-being of our employees, so it’s critical that we continue to offer a total rewards package that includes competitive benefits and pay, reflecting our long-term commitment to their well-being.”

The company said the move will also help attract and maintain talent.

“This isn’t just a responsible move for the bank,” PNC CEO William Demchak said in the release. “This increase allows us to make a positive difference, leveraging the power of our resources to help all move forward financially. Attracting and retaining highly-engaged employees is critical to our continued growth and, in turn, creates a fantastic experience for our customers and the communities we serve.”

on Facebook on LinkedIn