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Bank of America to raise its minimum wage to $25 by 2025

Bank of America to raise its minimum wage to $25 by 2025
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Paradigm for Parity® Coalition Announces First CEO, Sandra Quince

Paradigm for Parity® Coalition Announces First CEO, Sandra Quince Bank of America Executive Brings Extensive Experience in Diversity & Inclusion May 17, 2021 at 9:00 AM Eastern Today, the Paradigm for Parity® coalition announced that Sandra Quince has been appointed the coalition’s first-ever CEO. Sandra is currently a Senior Vice President in the Global Diversity & Inclusion (D&I) organization at Bank of America. The bank is a long-time member of the coalition, and as an extension of its commitment, is sponsoring Sandra to join the coalition as part of Bank of America’s Leader on Loan Program. “We are very excited to welcome Sandra Quince to the Paradigm for Parity® coalition and look forward to her leadership and vision as we continue to work with companies around the world to implement our action plan and toolkit, and close the gender gap for women of all races, ethnicities and backgrounds,” said Ellen Kullman, Co-Chair of the Para

How Bank of America CHRO s Supported Workers During the Pandemic

Bank of America Bank of America did not make any layoffs or reduce hours during the pandemic. The bank retrained over 20,000 employees for new roles while 85% of the company worked remotely. CHRO Sheri Bronstein shared her approach during this time and what she learned from the experience. This article is part of a series highlighting high achievers in HR called Most Innovative HR Leaders. The past year presented a completely new set of obstacles for Bank of America s Chief Human Resources Officer Sheri Bronstein. When 85% of the bank s 200,000-person staff went fully remote, Bronstein s team was tasked with making sure workers felt secure financially, emotionally, and physically while working during the public health crisis.

The Most Innovative Human Resources Leaders Focusing on DEI

Marianne Ayala/Insider The pandemic and resulting recession put talent leaders in the global spotlight. Insider asked readers to share the names of high achievers in HR. We chose the 33 most impressive. Our list of top innovators includes HR executives from Chipotle, Zoom, and Glassdoor.  Talent leaders have had their hands full. A global pandemic upended traditional models of work as employers across industries sent staff home from the office. Leaders in human resources were tasked with figuring out how to make long-term remote work effective and maintain company culture virtually. Meanwhile, anti-racism protests following the police killing of George Floyd left many employees feeling frustrated and unsettled. It was HR s job to create space for those employees to share their experiences. The most successful HR leaders listened closely to employees and used their ideas to build more effective diversity, equity, and inclusion programs. 

Keep an eye on these 4 companies and their diversity efforts

Keep an eye on these 4 companies and their diversity efforts By Khristopher J. Brooks Bank of America pledges $25M to address racial inequities One effect of the protests that swept the U.S. after a Minneapolis police officer killed George Floyd last year was a reckoning in corporate America with the searing impact of racism. Yet while numerous business leaders have pledged to uplift communities of color and help erase racial inequities, a handful of companies are projected to make the biggest leaps in diversity and inclusion: Bank of America, Netflix, UPS and Walmart. One clear common denominator among the four: a genuine push to hire more people of color. Also, these companies have the scale to fund race-focused initiatives nationwide. Perhaps most important is their potential for diversifying management so that people of color can become a driving force for internal change, with minority executives bringing fresh ideas to the table and, in doing so, knocki

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