The minimum wage for Bank of America employees will increase to $17 an hour May 1 and will be $20 an hour by mid-2021, says CEO Brian Moynihan, who notes employees have to be paid more to keep up with the strong economy. Health care cost increases for lower-paid staffers have been frozen, Moynihan says.
Creating a workplace where people feel welcome is an imperative, but it's also hard work that takes time and thought, writes Jenni Emery, global people and culture leader at Arup. "Every organisation will want to consider what sort of interactions work best for them -- there is no single right answer, and no shortage of possibilities," she writes.
A bill introduced by Sens. Amy Klobuchar, D-Minn., and Christopher Coons, D-Del., would require companies with at least 10 employees to contribute to workers' retirement savings. The minimum contribution would be 50 cents per hour, which would increase to 60 cents after two years, then climb as wages grow.
A school district in Indiana is introducing a work-based learning program that allows students to earn a high-school diploma and a manufacturing industry credential. The program -- Real-World Application; Maximizing Potential -- is slated to start in August and enroll about 80 students.
Management can be demanding and draining, and it helps when managers meet the challenges with empathy and resolve, ask for help and strive to untangle complex issues, writes Art Petty. "They respond to new issues with an attitude of discovery and not resistance, and they imbue this quality in their team members," he argues.
