Events Calendar

Current Weather

Manatee Road Watch


Right Column CR 2 Banner Ad Bills Discount Center - New & used Furnature, Appliances and More!

The Bradenton Times Polls

Poll Question: How will you be voting in this year's election?

 Absentee (vote by mail)  Early Voting  On Election Day  Not Voting More polls »

Sean Tampa Bay yacht Management

Home
Change Text Size: Larger  Smaller

News Section: Business and Financial



C1 Bank Institutes Living Wage Policy

Pay raise benefits 27 of bank's 217 employees

Published Friday, March 28, 2014 12:02 am

ST. PETERSBURG – The banking industry was shamed by a recent, highly-publicized claim that despite record profits, a third of its tellers were on public assistance. C1 Bank has been the first to respond, making an announcement this week that it would begin paying its permanent full-time employees a minimum of $14 per hour, a move that it says will benefit over 10 percent of its workforce. Increases will range from 1-30 percent and will go into effect on April 1.

clientuploads/Business/c1.jpg

St. Pete-based C1 operates 27 locations across the state, including three in Bradenton. The company says that 64 percent of its workforce is made up of women and believes that instituting the "living wage policy" will impact a significant number of families where women are the sole or primary breadwinners.

"C1Bank provides the very highest level of personalized service to our clients and this drive requires the very best quality employee even at the entry level," said C1 Bank CEO Trevor Burgess in a release. "By instituting a living wage we can lead the marketplace in attracting and retaining the most qualified team members,"  adding, "This quarter will mark our 16th consecutive quarter of profit and we have a responsibility, to the community, to pay a fair living wage to all our employees.  Given the success of C1 Bank, it's also just the right thing to do."

Florida's state minimum wage is $7.93 per hour.

Join the conversation post Facebook comments here or on our site at the bottom of article.

 

  In Addition to Facebook Comments You Can Also Post Comments Below



Non-Facebook Comments:

Click here to add a Non-Facebook comment to this page




 Sign up for our free news subscription - a great way to stay informed!



News World Round UpSports Roundup

Manatee Rural Health Certificate
 


Obituaries

Name Date
Aline Funk October 17, 2014
Alice Szakacs October 16, 2014
Deborah Snyder October 20, 2014
Donald Moen October 4, 2014
Edward Dey October 1, 2014
Harold Cooper October 4, 2014
Roberto Ramos October 7, 2014
Betty Schooley October 9, 2014
Eugenia Putvin October 11, 2014
All Obituaries






Copyright © 2009 - 2014 | The Bradenton Times | More than just an Online Newspaper | http://www.thebradentontimes.com/
405 26 Avenue Bradenton, FL 34205
Phone: 941-896-7857 - Privacy Policy - RSS Feed
Template provided by Free CSS Templates