Berkshire Hills to ovver $1,000 bonuses to over 1000 employees after tax reform
Berkshire Hills Bnacorp, the parent of Berkshire Bank, announced additional investments in its employees and communities following the recent passage of federal tax reform legislation. These investments include: Raising Berkshire's minimum wage to $15 per hour; Providing a special, one-time bonus of $1000 to over 1000 employees. This grant benefits all full-time employees below a certain compensation threshold, covering over 70% of the Bank's workforce, and augments the special $500 holiday bonus these colleagues received in the fourth quarter; Enhancing Berkshire's investment in employee development and training programs to benefit our employees and bolster our current offering at AMEBU - American's Most Exciting Bank University; Contributing $2 million to the Berkshire Bank Charitable Foundation which supports charitable organizations, scholarships, and volunteerism across Berkshire's local communities. This will bolster the foundation's endowment and allow for increased local giving.