Barclays Announces a New Minimum Pay Rate for US Colleagues
March 31 2022 - 8:00AM
Business Wire
Barclays announced an increase to its minimum hourly pay rate in
the United States, a move that will benefit over 900 colleagues and
begin this month, March 2022.
The new rate, which varies by location based on cost of living
indices, will increase to at least $20.50 per hour, up from $17.00
per hour.
“By investing in our people, we are investing in our ability to
continue providing the best services to clients and customers,”
said Richard Haworth, CEO for the Americas. “This new minimum rate
demonstrates our continued commitment to maintaining our position
as a market-leading employer in the US.”
The majority of colleagues benefitting from this enhancement
support Barclays US Consumer Bank. Barclays announced in November a
number of investments aimed at growing its US Consumer Bank,
including the hiring of 1,000 new employees nationwide, of which
more than 300 positions will be in Wilmington, Delaware, where
Barclays US Consumer Bank is headquartered, and more than 700 at
its key operations centers in Henderson, Nevada and Hamilton,
Ohio.
“Being an employer of choice and retaining top talent with
competitive pay, robust benefits and career development
opportunities is especially crucial as we look to significantly
grow our footprint in the US,” said Denny Nealon, CEO, Barclays US
Consumer Bank.
Barclays Fair Pay Report outlines Barclays’ commitment to a
living wage in every jurisdiction, and reviews progress and makes
recommendations on an annual basis.
Earlier this year, Barclays also enhanced health and well-being
benefits for employees, including new parental and family benefit
solutions, access to benefits consultants, and other well-being
improvement services.
For more information about progress in Barclays’ Fair Pay
Agenda, please see the latest annual Fair Pay Report.
About Barclays
Barclays is a British universal bank. We are diversified by
business, by different types of customer and client, and geography.
Our businesses include consumer banking and payments operations
around the world, as well as a top-tier, full service, global
corporate and investment bank, all of which are supported by our
service company which provides technology, operations and
functional services across the Group. For further information about
Barclays, please visit our website home.barclays
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Press: Matt Scully 212.526.7844
matthew.scully@barclays.com
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