Bank of America says it sped past 5-year inclusive hiring goal

Dive Brief:

Bank of America has reached its five-year goal of hiring 10,000 teammates from low- and moderate-income (LMI) neighborhoods in three years, it announced Sept. 30. The bank accomplished this through its Pathways program which, established in 2018, builds a bridge between the BofA and talent recruited through nonprofit organizations, the announcement explained. 

Because of the program’s success, BofA said it plans to hire 10,000 more workers by 2025. 

Additionally, BofA is now paying an hourly wage of $21.

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