the BRB Corner
  • Bank
  • Blog
  • Community
  • About

Blue Ridge Bank Announces Minimum Wage Increase

1/3/2020

0 Comments

 
Picture

​Blue Ridge Bank, announced the increase of its minimum wage to $15 an hour beginning on January 1, 2020.  The raise means entry-level employees will be making at least $31,000 in annual salary.
 
Commenting on the wage increase, Dorothy Welch, Senior Vice President and Director of Strategic Engagement, said, “This decision was two-fold.  Firstly, we take the livelihood of our employees to heart and believe that the investment they make into Blue Ridge Bank should be rewarded.  Secondly, it is important that our salary and benefit programs continue to meet the needs of our staff.”
 
This initiative is also intended to support local economic growth within Blue Ridge Bank’s footprint.  Employees earning a living wage will have more discretionary income to contribute to local commerce and support area businesses.
 
Blue Ridge Bank also invests in its employees by offering a benefits package for full-time staff that includes a bank-funded ESOP plan, tuition assistance/reimbursement, and 401(k) plan with an automatic 5% contribution by the bank into each employee’s account. 

Picture


​Dorothy Welch   
SVP, Strategic Engagement   


0 Comments

    Author

    BRB - making banking better since 1893.

    Archives

    February 2021
    September 2020
    August 2020
    April 2020
    March 2020
    January 2020
    November 2019
    August 2019
    May 2019
    February 2019
    January 2019

    Categories

    All

    RSS Feed

Bank Smarter.  www.mybrb.com


Hours

M-F: 8- 5pm

Email

businessbanking@mybrb.com
member FDIC | Equal Housing Lender 
  • Bank
  • Blog
  • Community
  • About