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In the rising pay rate it was shared that the US Bank increased the minimum hourly wage by 

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 how much percent it was told that the salary was about $ 20 . has been extended to

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Dive Brief: The Minneapolis-based lender said in a blog post over the past few weeks that US Bank

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has raised its minimum hourly rate to about $20 for all of its US and Canada employees beginning in November. Will go

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It was told that this is being done for the second time this year when the bank is bringing a good jump 

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in the salaries of its lowest-income employees. It was reported that US Bank has increased its minimum 

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hourly wage from about $15 to $18 in June. The bank is also giving an hourly increase of about 35,000

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and an increase of about 3% in the base pay to the salaried employees. We are well aware that the current

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economic coupled with inflationary environment is posing challenges to many people, including our employees,

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Alcio Barcelos, the bank's chief human resources officer, wrote on his behalf in a blog post.

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Dive Insights: With its bump it was reported that US Bank is well following several large US lenders in raising

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their hourly wages for all employees with their minimum compensation.

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It was reported that this would be increased by at least $20 an hour 

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for all employees and brings Minneapolis Bank in line with Chicago-based BMO Harris, another Midwest lender,

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which stated its minimum hourly rate this month. Nicely raised the salary to about $20.