TAMPA, Fla.–GTE Financial Credit Union said it has increased its starting wage to $16 an hour. According to the Florida Department of Economic Opportunity, the current minimum wage in the state rose from $8.25 to $8.46 per hour as of January 1. GTE Financial CU said it has been offering a $15 minimum wage for over four years.
“With unemployment at historical lows in Tampa Bay, it is becoming more competitive than ever to secure top talent,” said Jasiel Legon, SVP and chief talent officer. “Further increasing our starting salary allows GTE to be a leader in the career marketplace to attract and retain top talent – and more importantly, ensure a competitive living wage for our employees. In 2015, we became a pioneer and leader in the country to increase the minimum entry wage to $15. We are proud to continue to raise the bar in salary and total rewards.”
With the “minimum wage a topic at the forefront of working‐class America as the cost of living increases steadily,” GTE Financial said it is ensuring that improving wages will also enhance the employee experience and prove to be beneficial for both the employee and company.”
The increase in pay will also help it to be a preferred employer of choice in the Tampa Bay area, GTE Financial said, adding it is committed to attracting, retaining, and rewarding its employees with comprehensive programs such as Total Rewards.