More middle Income windfall thanks to lowered tax rates......
Discover today announced plans to raise its minimum hourly pay rate to $15.25 for virtually all of its full-time U.S. employees as a result of the recent corporate tax reductions after granting a $1,000 bonus to more than 15,000 non-executive employees earlier this month.
The new minimum rate will take effect later this year and ultimately will impact more than 7,000 employees.
The company plans to make additional investments in its people and will increase corporate responsibility efforts in the communities in which it operates.
“Discover employees are the heart of the company and make up the core of our award-winning customer experience and continued business success,” said David Nelms, Discover’s chairman and CEO. “Investing in them and in the places we live will make our workplaces and communities stronger.”
Discover today announced plans to raise its minimum hourly pay rate to $15.25 for virtually all of its full-time U.S. employees as a result of the recent corporate tax reductions after granting a $1,000 bonus to more than 15,000 non-executive employees earlier this month.
The new minimum rate will take effect later this year and ultimately will impact more than 7,000 employees.
The company plans to make additional investments in its people and will increase corporate responsibility efforts in the communities in which it operates.
“Discover employees are the heart of the company and make up the core of our award-winning customer experience and continued business success,” said David Nelms, Discover’s chairman and CEO. “Investing in them and in the places we live will make our workplaces and communities stronger.”
