Broadridge raises employee pay, expands benefits
Broadridge Financial announced several enhancements to employee pay and benefits. These changes include an increase in minimum wage, an increase to non-management associate FY18 bonuses, greater work-life balance initiatives and higher charitable giving match. Strong company growth coupled with recent tax law changes inspired senior leadership to implement these enhancements. Specifically, Broadridge is implementing the following enhancements:The minimum hourly wage will increase this year to $15 per hour. This year's World Class Service Bonus will be $1,750 at target for hourly non-management associates, who make up more than half our workforce. A package of enhanced benefits, including expanding Parental Leave benefits; raising the company charitable giving annual match to $3,000; and increasing vacation days for associates who have worked at Broadridge for fewer than five years. Broadridge compensates every associate based on client satisfaction irrespective of financial results, and these changes will increase that bonus this year by 40% for non-management associates.