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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Synchrony Financiall | NYSE:SYF | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 49.97 | 10 | 10:59:11 |
STAMFORD, Conn., July 13, 2021 /PRNewswire/ -- Furthering its commitment to a culture of caring and providing its employees with competitive wages and progressive benefits, Synchrony (NYSE: SYF) today announced it will raise its minimum wage to $20 per hour for all hourly employees in the U.S. and Puerto Rico, effective in August.
Synchrony's new hourly minimum wage of $20 will benefit more than 5,000 full- and part-time employees. The company also committed to fund its 2021 bonus program so that full-time hourly employees would be eligible for a $1,000 bonus.
"Companies have a responsibility to their communities and their employees. Our people are the heart of our business and success," said Brian Doubles, President and CEO of Synchrony. "We offer one of the most competitive wage and benefits programs to attract and retain the best talent. These investments allow us to remain an employer of choice now and for the future."
Synchrony continues to expand and evolve its progressive benefits, including:
"At Synchrony our values define us and our core beliefs. A culture of caring means continually investing in our people and helping those around us," said DJ Casto, Executive Vice President and Chief Human Resources Officer at Synchrony. "We have seen how engaged employees help drive differentiated customer experiences and ultimately strong business results. We are dedicated to offering comprehensive progressive benefits and flexibility to our employees."
To learn more about Synchrony's careers and benefits, please visit: https://www.synchronycareers.com
About Synchrony
Synchrony (NYSE: SYF) is a premier consumer financial services company. We deliver a wide range of specialized financing programs, as well as innovative consumer banking products, across key industries including digital, retail, home, auto, travel, health and pet. Synchrony enables our partners to grow sales and loyalty with consumers. We are one of the largest issuers of private label credit cards in the United States; we also offer co-branded products, installment loans and consumer financing products for small- and medium-sized businesses, as well as healthcare providers.
Synchrony is changing what's possible through our digital capabilities, deep industry expertise, actionable data insights, frictionless customer experience and customized financing solutions.
For more information, visit www.synchrony.com and Twitter: @Synchrony.
Media Contact
Angie Hu
Synchrony
Angie.Hu@syf.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/synchrony-raises-us-minimum-hourly-wage-to-20-301332062.html
SOURCE Synchrony
Copyright 2021 PR Newswire
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