Trending

Verizon boosts its minimum wage to $20 an hour

NEW YORK — Telecommunications giant Verizon announced Monday it was raising its minimum wage for some employees to $20 per hour.

>> Read more trending news

In a news release, Verizon said its customer service, retail and inside sales employees would now all begin with a base pay of $20 an hour. Existing employees in those positions who are making less than $20 will now immediately receive a pay raise to the $20 minimum, the company said.

Verizon also said it plans to add premium pay differentials for assistant managers who work on holidays or Sundays, as well as for those who are bilingual.

“Our V Teamers give their best day in and day out to support our customers with all of their needs, which is why we want to make sure we support them as well,” Krista Bourne, chief operating officer for Verizon Consumer Group, said in a statement. “These changes are the direct result of employee feedback and will help us remain an attractive employer in this competitive environment.”

The company also told The Baltimore Sun that it plans to offer sign-on bonuses in many markets. In one Baltimore-area store, the company told the outlet it was offering bonuses of $2,500 for new retail specialists and $3,500 for assistant managers.