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BMO U.S. raises minimum hourly wage to $20 per hour
The Fly

BMO U.S. raises minimum hourly wage to $20 per hour

BMO announced it will raise its minimum hourly wage for all qualified U.S. employees to $20 per hour effective March 12, 2023, as part of the bank’s ongoing commitment to the financial wellbeing and progress of its employees. The increase applies to new hires and current team members from BMO U.S. and the recently acquired Bank of the West who earn below the new minimum base pay. "BMO has one of the best teams in banking and we want to reward our team in a way that reinforces their value to our organization and is competitive with the market," said Larissa Chaikowsky, U.S. Chief Human Resources Officer and Head, Talent Reskilling & Acceleration, BMO. "Our colleagues are critical to BMO’s success, and we continue to be committed to making investments in our people to ensure they can make real financial progress alongside our customers and our communities."

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