Skip to content

Archives

Bank of america associate benefits


bank of america associate benefits

Everything you need to know about Bank of America including salaries, levels, benefits, and more. We're not just a credit union, we're one of the largest financial institutions based in the Kansas City area. Contact us today! Compare Bank of America versus Wells Fargo for CEO Rating, Overall Culture Employees at Bank of America rate their Perk and Benefits Score a 75/100.
bank of america associate benefits

youtube video

Bank of america associate benefits -

Internship

Image

 

The Bank Internship Program (BIP)

The Bank Internship Program is now accepting applications through January 31st for its Summer Term (May – September 2022). The Bank Internship Program (BIP) offers highly motivated individuals an opportunity to be exposed to the mission and work of the World Bank. The internship allows individuals to bring new perspectives, innovative ideas and research experience into the Bank's work, while improving skills in a diverse environment. In addition, it is a great way to enhance CVs with practical work experience. Internships are available in both development operations and other business units (such as Human Resources, Communications, Accounting, etc.) however, availability during a given internship term is based on business need. To access the application, please click the apply button, noting that only selected candidates will be contacted.

 

Eligibility Criteria

To be eligible for an Internship, candidates must have an undergraduate degree and be enrolled in a full-time graduate study program (pursuing a master's degree or PhD with plans to return to school full-time). There is no age limit.

Fluency in English is required. Knowledge of languages such as: French, Spanish, Russian, Arabic, Portuguese, and Chinese is desirable. Other skills such as computing skills are advantageous.

We value diversity in our workplace, and encourage all qualified individuals, particularly women, with diverse professional and academic backgrounds to apply. Our aim is to attract and recruit the best talent in the world.


Additional Information

The WB Internship Program typically seeks candidates for: Operations (Front Line) in the following fields: economics, finance, human development (public health, education, nutrition, population), social sciences (anthropology, sociology), agriculture, environment, engineering, urban planning, natural resources management, private sector development, and other related fields; or Corporate support (Accounting, Communications, Human Resources Management, Information Technology, Treasury, and other corporate services).


The WB pays an hourly salary to all Interns and, where applicable, provides an allowance toward travel expenses up to USD 3,000 at the discretion of the manager. These travel expenses can only include transport expenses (airfare) to or from the duty station city. Interns are responsible for their own accommodations. Driven by business needs, most Intern positions are based in Washington, DC with a few others in the WB country offices. Usually, internship opportunities are for a minimum of four weeks.


The WB Internship is offered twice a year:
Summer Internship (May–September): The application period is December 1–January 31 each year.
Winter Internship (November–March): The application period is October 1-31 each year.
All applications must be submitted online and during the respective application period. (We do not accept applications by email.)

J1 visa holders need to obtain a G4 visa abroad prior to starting employment or unpaid internship at the WB.


Application Process

Application Form: Take time to prepare your application and enter your personal information accurately. You will be asked to upload the following documents:

- Curriculum Vitae (CV)
- Statement of Interest
- Proof of Enrollment in a graduate degree

Application Checklist: the following application checklist is meant to facilitate your application experience.

• Ensure that you use either Google Chrome, Mozilla Firefox, Apple Safari, or Internet Explorer 10 or higher as your browser version.
• Please make sure that you are connected with a reasonable bandwidth of internet connection without any network/firewall restriction.
• You will be asked to register for an account and provide an email address. Ensure that you have correctly spelled out your email address, since this will be our main channel of communication with you regarding your candidacy.
• You must complete your application in a single session and you will only be able to submit it if you have uploaded all the required documents and answered all the questions (all questions marked with an asterisk-*- are required).
• Please complete the application within 90 minutes to avoid a system timeout.
• Remember to enter your complete phone number (country code + city code + number).
• Please do not enter any special characters (â-<>&#â, etc.) in any of the application fields. Try not to copy and paste any characters/text from Microsoft Word.
• Please upload the following documents (mandatory) before submitting your application:

- Curriculum Vitae (CV)
- Statement of Interest
- Proof of Enrollment in a graduate degree

Note: Each file should not exceed 5 MB and should be in one of the following formats: .doc, .docx, or .pdf

• Please make sure that the filenames of the documents that you are attaching do not contain any special characters, such as â-<>&#â, etc. PDF files are the best files to upload.
• Once you submit your application, you will not be able to make any further changes/updates.
• Upon submission of your application you will receive an email confirmation providing you with your application number.

 

Selection

All applications are stored in a database which is consulted by hiring Managers based on business needs. Please note that candidates will not hear from us unless they are shortlisted by a hiring Manager that is looking to hire an intern. Managers have access to the Internship database from February – July (Summer Internship) and from November – January (Winter Internship). We do not have a pre-identified number of positions for interns per season. For each season, hiring is solely based on business needs.

 

Источник: https://www.worldbank.org/en/about/careers/programs-and-internships/internship

At Bank of America, the organization believes in supporting its employees in their personal lives and professional lives because they are the pillar of the business. If you are applying for employment at Bank of America, and you are considering what the employee benefits the organization offers, you are on the right page. Bank of America provides a wide range of benefits for their employees, while the organization provides much support their employees need. Besides its competitors, Bank of America is a great place to work because there is a work-life balance for every employee. Here, let’s know about Bank of America Employee Benefits.

Here are some categories of benefits offered by Bank of America to their employees to make them happy and productive.

Bank of America Employee Benefits

Health and insurance benefits

Not all employers of labor in the United States consider the importance of their employee health as Bank of America does. This is because Bank of America believes their employees are the pillar of the organization, and if any of the pillars fall, the business will suffer drag. The Bank of America provides its employees with comprehensive healthcare and insurance packages that cater to their health. More so, the health insurance extends to their families as well. They also provide the employee with health and lifestyle coaching sessions that, in a way, help to contribute to their lifestyle performance in the long run. Aside from the health care insurance, there is a provision for replacement income in case of life disability when their employee suffers a fatal injury or death.

Medical benefits plan

The medical benefits plan provided by Bank of America is easily accessible by the employees of the bank and their family members. The plan is designed to help the employee and their family save money if they battle any medical conditions. The medical fees are handled by the Bank of America while providing other securities and coverage for medical costs incurred, such as visiting the doctors or being admitted to the hospital. In addition, a medical plan covers drugs prescribed for the Bank of America employees, which is tailored towards maintaining a healthy lifestyle.

Dental benefits

As an employee at Bank of America, you are also entitled to dental benefits paid for by the organization.  Here is another perk offered by the bank where any cost you have incurred while seeking detailed medical health or other extractions or tooth repair processes. Preventive care and major tooth care are also paid for, and you can easily get reimbursed by the company.

Physical wellness Benefits

Aside from the medical and dental benefits that the employees enjoy, the Bank of America also offers its employees physical wellness benefits. The offers include an overall quality health insurance, the plan that the employees benefit from, and a way to get them active to perform duty daily. In addition, there are various programs and resources such as annual health screening exercises conducted by Bank of America on their employees.  This is often a session designed to get the employees to access resources to help them manage their health better at no cost.

Emotional wellness

This is an important aspect of our life as human beings, and any displacement in the emotional wellness of an individual would lead to crises. This is why Bank of America has provided a benefit to cater to the health of their employees in their emotional lifestyle.  There are times when there would be life challenges; Bank of America believes employees should get help when necessary. The employee’s assistance program provides free access 24/7 for all employees and family members who might need the same help. US employees working with Bank of America have access to industry-leading experts who can easily guide you through the emotional crisis you might find yourself in. Here is a list of how Bank of America supports you during significant times in your life the include;

Critical events, such as natural disasters, 

Fires

Complex leaves of absence 

Gender transition in the workplace 

Retirement 

Survivor support 

Terminal illness 

Transition related to military service 

Working with a medical accommodation need in the workplace

Besides, if you are going through any grief, you would be entitled to a paid leave for up to 20 days as a full-time employee if you have lost any family members of yours. Suppose you are hosting a moment that matters in your life. In that case, you get access to a Life Event Services team from Bank of America who would provide you with personalized resources, connections, and other benefits you might require to go through the emotional stage you are in.  Moments like retirements, burial for a loved one or impacted domestic unjust you might suffer, or anything related to emotional support is all catered for by Bank of America.

Financial Wellness

Here is another ultimate reason Bank of America is considered one of the best places to work: the various benefits available to its employees. Bank of America offers its US employees up to about 50 percent eligible pay to their 401 k retirement saving place, which only a few organizations measure up to. In addition, the contribution support provided by Bank of America matches the plus 2 percent or 3 percent in the annual contribution to the retirement saving plan. 

More so, Bank of America US employees can speak with an experienced counselor on managing their finances. In addition, they can easily benefit from the Education and Planning Center of the company for free. Here they can easily learn how to prepare for their retirement days and help them set financial goals. Indeed the guidance is designed to help the employees manage their funds properly and create an effective saving plan for the later future. 

Finally, employees of Bank of America are offered financial education and special access to expertise, products, and services on finance, which is extended to their family members as well.

Career mobility

Bank of America cares not only for your finances but also for your career transition and success. This is because the more successful you are in your career, the more productive you would be at Bank of America. The company helps you develop your skills and grow your career to a critical stage where you can easily sustain your talent and overall performance. In addition, there are various leadership-supported programs and learning development resources that are accessible to you for free. 

Your performance is reviewed in line with your job description, and once a year conversation is achieved, you will be examined. The purpose of career mobility benefits is to help you achieve actionable goals and sharpen the skills required to achieve that great feat you desired. With consistent check up on your goals and support from the Bank of America through its career mobility benefits, in no time, you would achieve your goal and get to the desired stage. Here are some aspects that are focused on by Bank of America;

Skill development: Your skills are a potential asset to Bank of America, and they must be properly explored. If you are not using your skill properly, Bank of America brings a diverse learning style and directs you to achieve a personalized approach to skill development.  The good thing is that you have access to continuing education, and the bank ensures their employees are at the top of their performance level so they can positively impact the organization with their skills and grow over time in their careers. 

Professional growth: Bank of America offers another benefit to its employees: an opportunity to grow within the organization. No matter the career path you have chosen at Bank of America, there is always a way for the bank to support you professionally through resources and programs to help you explore the next stage of your career and prepare you for the new duties and roles you would be carrying out. In addition, Bank of America has leadership models outlined to help you throughout your journey in the organization and empower you to make the best decisions for your career progression. 

Conclusion

Bank of America has stood tall among other employers through its various plans and benefits to its employees. From wellness to emotional support and medical insurance, and other benefits that have been mentioned in this piece. As a future employee at Bank of America, working in this organization would be an experience you would love to always associate with because you would immensely benefit from all the offerings of Bank of America. In short, almost all the benefits available to you as an employee of Bank of America are also accessible to your family members. 

FAQS

What discounts do the employees of Bank of America benefit from?

The employees of Bank of America enjoy different discounts, and those discounts include;

  • Computers Member Pricing for all major brands.
  • Eating In or Out. Up to 90% off at 18,000 locations.
  • Personal Vacations. Air, Hotel & Car Rentals from Corporate Perks.
  • Electronics
  • Cell Phones
  • Movie Tickets

Is Bank of America a good bank?

Bank of America is a good choice for many customers who want to access banking services. More they reward their customers frequently.

Источник: https://howigotjob.com/employee-benefits/bank-of-america-employee-benefits/
History, Services, Acquisitions, & Facts". Encyclopedia Britannica. Retrieved January 29, 2020.
  • ^Roberts, Deon (August 31, 2016). "Here's what to know about the area's biggest employers". The Charlotte Observer. Retrieved January 29, 2020.
  • ^ abcd"Settlement: Part II - Italian American Museum of Los Angeles". Google Arts & Culture. Retrieved January 29, 2020.
  • ^"Bank of Italy". Archived from the original on July 18, 2011. Retrieved July 22, 2019.
  • ^"World's biggest bank (Fortune Classics, 1947)". Fortune. Archived from the original on March 25, 2019. Retrieved March 25, 2019.
  • ^Vance, Marian (2006). Bucyrus (OH) (Images of America). United States: Arcadia Publishing. p. 84. ISBN .
  • ^"Statewide Expansion" pp. 34–38 In: Branch Banking California. Report for the U.S. Federal Reserve System. web version at: PDF versionArchived September 4, 2016, at the Wayback Machine
  • ^Transamerica Corporation, a corporation of DelawareArchived August 30, 2009, at the Wayback Machine, has petitioned this court to review an order of the Board of Governors of the Federal Reserve System entered against it under Section 11 of the Clayton Act, 15 U.S.C.A. § 21, to enforce compliance with Section 7 of the Act, 15 U.S.C.A. § 18.
  • ^"The History of Visa". Visa Inc. Archived from the original on November 3, 2007. Retrieved October 29, 2007.
  • ^Stearns, David L. (2011). Electronic Value Exchange: Origins of the Visa Electronic Payment System. London: Springer. pp. 25–28. ISBN . Available through SpringerLink.
  • ^"FDIC Law, Regulations, Related Acts - Bank Holding Company Act". www.fdic.gov. Retrieved January 29, 2020.
  • ^ abColumnist, Jon Talton / (August 15, 2015). "Remember Seafirst? It's more than a local tale". The Seattle Times. Retrieved January 29, 2020.
  • ^"BankAmerica, 1st Interstate Merger Seen Leading to Cuts in Staff and Branch Closings". Los Angeles Times. October 8, 1986. Retrieved January 29, 2020.
  • ^"BankAmerica Takes Over at Security Pacific : Acquisitions: The merger becomes official today, creating the nation's second-largest banking company". Los Angeles Times. April 22, 1992. Retrieved January 29, 2020.
  • ^Matassa Flores, Michele (April 2, 1992). "Key Bank, West One Finalize Purchases". Seattle Times. Archived from the original on May 19, 2011. Retrieved September 27, 2008.
  • ^"Bank takes famous name, poises for future". Las Vegas Review-Journal. April 29, 2012. Retrieved January 29, 2020.
  • ^FDIC (1995). "Continental Illinois and Continental Illinois and 'Too Big to Fail'"(PDF). FDIC. Retrieved January 29, 2020.
  • ^"About Banks - Bank of America". www.bank-locations.com. Retrieved January 29, 2020.
  • ^BankAmerica Adds 4 Traders To Its High-Yield Bond SectorArchived April 1, 2012, at the Wayback Machine. American Banker, June 17, 1996
  • ^Journal, Stephen E. Frank and Patrick McGeehan - Staff Reporters of The Wall Street (June 9, 1997). "BankAmerica Agrees to Pay $540 Million for Robertson". Wall Street Journal. ISSN 0099-9660. Retrieved January 29, 2020.
  • ^BankAmerica to Buy Robertson, Stephens Investment CompanyArchived August 26, 2016, at the Wayback Machine. The New York Times, June 9, 1997.
  • ^O'Brien, Timothy L. (October 15, 1998). "Shaw, Self-Styled Cautious Operator, Reveals It Has a Big Appetite for Risk". The New York Times. ISSN 0362-4331. Retrieved January 29, 2020.
  • ^Mulligan, Thomas S. (October 21, 1998). "BankAmerica's Coulter to Step Down Oct. 30". Los Angeles Times. Archived from the original on December 3, 2013. Retrieved June 22, 2013.
  • ^Petruno, Tom (October 15, 1998). "Surprise BofA Losses Trigger Plunge in Stock". Los Angeles Times. Archived from the original on December 3, 2013. Retrieved June 22, 2013.
  • ^Martin, Mitchell (April 14, 1998). "Nations Bank Drives $62 Billion Merger: A New BankAmerica: Biggest of U.S. Banks". The New York Times
  • Источник: https://en.wikipedia.org/wiki/Bank_of_America

    Bank of America to boost minimum wage to $25 an hour for its employees by 2025


    Bank of America announced Tuesday it will raise the minimum hourly wage for its employees to $25 by 2025.

    The banking giant based in Charlotte, North Carolina, is the latest U.S. corporation to increase the minimum wage paid to its workers as the country rebounds from the COVID-19 pandemic that caused massive layoffs last year.

    The Biden administration is pushing for a national $15-an-hour minimum wage, and McDonald's, Walmart, Starbucks and Amazon also announced that they will increase hourly pay.

    Governors in at least 10 states have said they will no longer accept the federal government's enhanced unemployment program that includes $300 for weekly benefits. Many of those states' Republican leaders contend the extra federal cash has incentivized low-wage workers to make more money not working as  some employers say they are having difficulty finding labor.

    COVID-19 relief: Why are so many states ending enhanced unemployment?

    Mask wars: Stores update COVID-19 policies for vaccinated customers

    Bank of America raised its U.S. minimum wage in March 2020 to $20 per hour, and the company said it will require all of its U.S. vendors to pay their employees whose work is dedicated to the bank at least $15 an hour.

    Sheri Bronstein, Bank of America's chief human resources officer, said the company wants to provide "strong pay and competitive benefits" to help employees' families and to attract and retain the best talent.

    “A core tenet of responsible growth is our commitment to being a great place to work, which means investing in the people who serve our clients,” Bronstein said.

    In April, the bank posted a first-quarter profit of $8.1 billion, which far exceeded Wall Street estimates. 

    The bank increased its hourly minimum wage from $15 to $17 an hour in 2019.

    At $25 a hour, a full-time employee working 40 hours a week would earn $52,000 annually. That's a 25% increase from the company's current minimum wage, which translates to $41,600 a year in pay.

    Bank of America, like many banks, has cut its operating hours for customers; some branches close at 4 p.m. weekdays. 

    The bank has approximately 66 million consumer and small-business clients and 4,300 retail financial centers. 

    Bank of America's minimum wage is nearly three times higher than the federal minimum wage of $7.25 an hour. 

    A government report in February by the nonpartisan Congressional Budget Office concluded that boosting the minimum wage to $15 per hour would raise income for millions of Americans and lift 900,000 people out of poverty.

    By 2025, when the federal hourly rate would hit $15 under a proposal before Congress, about 1.4 million fewer Americans would be working, the report said. That is because higher wages would increase the cost of producing goods and services, and in response, many employers would reduce their workforce or hire fewer employees, the report said.

    Have a tip on business or investigative stories? Reach the reporter at [email protected] or 602-509-3613 or on Twitter @CraigHarrisUSAT 

    Support local journalism. Subscribe to usatoday.com.

    FacebookTwitterEmail

    Источник: https://www.usatoday.com/story/money/2021/05/18/bank-america-raise-hourly-minimum-wage-2025/5152077001/

    posted on 23 Jun 2021 Report

    Team Leader (nontechnical) in Gurgaon

    Anonymous
    3.0

    3.0

    Likes

    Culture where you can socialize.

    Dislikes

    Many actually. Very bad compensation.. Promotions are basis on tenurity, not basis the skillset. You can't move to other vertical untill and unless the mercy of your mgmt Benefits are so useless in comparison to other organisations. Bonus is again like peanuts which will go as tax deduction only.. like after working entire year u will get 18k bonus which is not the same for onshore, so inshort india employees are labourers. If you're workholic then you will be ending up working like hell with out any recommendations as such. As they have appreciation culture not the recognition culture. Promotions for Mgmt are easy but not for people working on ground. All good awards are for manager nd above and for associates again they have peanuts. No overtime compensations at all. Mgmt are like so boring. In nutshell if you are one who is comfortable doing nothing and just wants an average salary every month then it's the best company for. Others who wants to grow as a professional as well as from Financial wellbeing this is not the company... I beleive in one quote which Dr Abdul Kalam sir had told that... " Love your job, not the company" ..... This exactly fits for this company....Read More

    Work Details

    Surviving

    Work days: Monday to Friday (Strict Timings)

    Work related travel: This job involves No Travel / Travel Within City.

    Employee Benefits

    Rs 1250 food coupon that's it.

    posted on 19 Jul 2021 Report

    Senior Team Member for 3 year in Gurugram

    Anonymous
    4.0

    4.0

    Likes

    Company wise, it's a great company. However as per management point of view it's bad. Managers are really typical in performing their works before time. Unnecessary pressures are there just to show how much skillful team is. But associates get disturbed in this kind of things. As unable to focus on the analysis part. Also in regards to Awards and Leaves, very much politics is there. As we all know Girls are more favourable in corporates. Eg. A beautiful girl is under training period after newly joined and she gets an Award after just half month of his workings. I don't know what skill they had seen in the girl. LOL things of Corporates. Hence, conclusion of the story is, as a company it's really good. I would suggest go for it if you get opportunities. Pros and cons are always there everywhere, so just go with the flow and show your performance and raise your voice if required....Read More

    Work Details

    Strict Timings

    Work related travel: This job involves No Travel / Travel Within City.

    posted on 26 Sep 2021 Report

    Software Engineer 2 in Chennai

    Anonymous
    4.0

    4.0

    Likes

    The Work culture-- work life balance is good and my managers are always accommodating and friendly. Transport (pre pandemic) was a plus in the company especially for women associates. Encouragement to learn, innovate makes it a great place to work.

    Dislikes

    Nothing to dislike. Salary/ pay may not be on par with the competitors. Being a banking sector the adoption of technology has lot of restrictions, so new technology adaption will be behind compared to tech companies.

    Work Details

    Work days: Monday to Friday (Flexible Timings)

    Work related travel: This job involves No Travel / Travel Within City.

    Employee Benefits

    Sodexo Cafeteria

    posted on 10 Nov 2021 Report

    Manager in Chennai

    Anonymous
    4.0

    4.0

    Dislikes

    Only one thing I dislike about Bofa is they have started creating lot of network s/forums like Military NW, Parental NW, NW based on Gender etc . If all employees are equal, we don't need these many forums( around 14+) to explore the network inside. Each forums come with same or different programmes and employees should participate/be in audience.

    Work Details

    It was a long journey for me and I enjoyed every moment working there. I am going out with good experiences and a branded profile.

    Work days: Monday to Friday (Flexible Timings)

    Work related travel: This job involves No Travel / Travel Within City.

    posted on 03 Dec 2021 Report

    Assistant Manager in Gurgaon/Gurugram

    Anonymous
    3.0

    3.0

    Likes

    Work life balance is amazing, most teams work 12.30-9.30 pm shift to work parallel with US counterparts. Company gives a hike of 8-10 percent every year. They were really there for employees throughout COVID and did not layoff a single employee during the pandemic.

    Dislikes

    Career growth is slow.

    Work Details

    Work days: Monday to Friday (Strict Timings)

    Work related travel: This job involves No Travel / Travel Within City.

    posted on 09 May 2021 Report

    Senior Data Engineer in Gurugram

    Anonymous
    2.0

    2.0

    Likes

    If you are good at making your manager happy by saying yes to everything he is doing and praising the manager and company then only you will achieve success here.

    Dislikes

    Managers are trying hard to proof that they care about employees but they are not doing on ground anything. Work from home is not an option. There is no onsite opportunity. This Org is really need to work on work from home policy and need to motivate their employees by Offering onsite .

    Work Details

    Always disappointed as in some project your work will not be highlighted even you put 24 hr a day and same time some are highlighted by working only 5 min, and management does not think on this partial recognition pattern.only luck can help in

    Work days: Monday to Friday (Strict Timings)

    Work related travel: This job involves No Travel / Travel Within City.

    posted on 29 Oct 2021 Report

    Quality Specialist in Navi Mumbai

    Anonymous
    3.0

    3.0

    Likes

    Work Life Balance Predictable work Focus on learning

    Dislikes

    Hiring lots of people with 50 and 100 percent hike while employees are underpaid. Work is pretty regular without any challenges. Management in India is for name sake and nod to everything onshore says as they are the one who bring business. Zero onshore opportunity. Onshore team thinks they are superior Gods who know it all and they can treat offshore like slaves.

    Work Details

    Work days: Monday to Friday (Flexible Timings)

    Work related travel: This job involves No Travel / Travel Within City.

    posted on 18 Nov 2021 Report

    Assistant Manager in Gurgaon/Gurugram

    Anonymous
    5.0

    5.0

    Likes

    Good work culture and employee friendly policies. Management listens to employee issues and are quite flexible to adjust things to make their life easier.

    Dislikes

    Most of the projects work in UK or US shifts and there are limited options for normal 9 to 6 Indian working hours

    Work Details

    Work related travel: This job involves No Travel / Travel Within City.

    posted on 17 Nov 2021 Report

    Lead Operation Representative in Chennai

    Anonymous
    3.0

    3.0

    Likes

    Like how the company invests so much into unwanted sessions than actually paying bonus to employees

    Dislikes

    No work life balance at bank of america.. Not professional environment.... No bonus.minimal hike.

    Work Details

    No work life balance

    Work days: Monday to Saturday (Strict Timings)

    Work related travel: This job involves No Travel / Travel Within City.

    posted on 08 Oct 2021 Report

    Technology Manager in Chennai

    Anonymous
    1.0

    1.0

    Likes

    I think, Bank of america is completely build with old people but not experienced in India. So no recognization and growth.

    Dislikes

    Need to revamp all the people who is not productive. Job security is very imp and at the same time, if people stuck up with traditional mindset doesn't help people to come with new thinkings

    Work Details

    Work life balance is good.

    Work days: Monday to Friday (Flexible Timings)

    Work related travel: This job involves No Travel / Travel Within City.

    Источник: https://www.ambitionbox.com/reviews/bank-of-america-reviews

    Bank of America gives special pandemic bonus to 97% of its 1.7 lakh staff

    Mumbai: Bank of Americais rewarding its 1.7 lakh-plus staff worldwide, including over 24,000 in India, with a cash awardof USD 750 each to those earning under USD 100,000 in annual compensation for the appreciation of their work through the pandemic.

    Called 'delivering together' compensation awards, the bank expects over 97% of its employeesto get the special one-time cash bonus.

    In an internal memo sent to the employees worldwide, Bank of America chief executive Brian Moynihan said in appreciation for the outstanding efforts, the management team and board have decided to recognise employees with 'delivering together' compensation awards.

    During the first quarter of 2021, all eligible employees with USD 100,000 or less in annual total compensation will be paid a cash bonus of USD 750 each. Those in the US will receive this award in late February and those outside the US will receive the payment in March, Moynihan said.

    In addition, all eligible teammates with greater than USD 1 lakh to USD 5 lakh in annual total compensation will receive a grant of 150-750 restricted stock units, based on their compensation tier.

    This stock award from March will be delivered in equal payments over four years starting 2022.
    (Catch all the Business News, Breaking NewsEvents and Latest NewsUpdates on The Economic Times.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    ETPrime stories of the day

    Источник: https://economictimes.indiatimes.com/news/international/business/bank-of-america-gives-special-pandemic-bonus-to-97-of-its-1-7-lakh-staff/articleshow/80450014.cms

    Hi, we're glad you're here!

    Play

    YOUR CLOSET'S FASHION FORWARD,
    HOW ABOUT YOUR CAREER?

    Whether you’re in sales or stock, alterations or management, or are part of the behind-the-scenes glue that holds it all together, we’re all obsessed with serving our customers and oh, of course, fashion. Exciting and fast-paced, a career at Nordstrom means staying ahead of the trends, moving quickly and being part of something we think is pretty awesome. On the sales floor or behind the scenes, we’re obsessed with serving customers and, of course, fashion. A career at Nordstrom means staying ahead of the trends, moving quickly and being part of something we think is pretty awesome.

    play video

    IT’S ABOUT YOUR CAREER

    Providing memorable customer service and trend-setting fashion for our customers motivates us. On the sales floor and behind the scenes, everyone in our stores works as a team to ensure customers feel good every time they shop with us. It's what we think sets us apart.

    Start your adventure here. Providing memorable customer service motivates us. Everyone in our stores works as a team to ensure customers feel good every time they shop with us. It's what we think sets us apart.

    Start your adventure here.

    play video

    IT'S A TEAM SPORT.

    At Nordstrom Rack, team members help savvy shoppers make fashion finds in a fun, high-energy atmosphere. With full- and part-time positions available — and lots of opportunity to grow — put your career in fast-forward at the Rack.

    Start your adventure here. At Nordstrom Rack, team members help shoppers find the hottest fashions at great prices in a fun, high-energy atmosphere. Put your career in fast-forward at the Rack.

    Start your adventure here.

    Restaurant & Specialty Coffee

    play video

    ADD SOME SPICE TO YOUR CULINARY CAREER.

    Our cooks, chefs, servers and baristas are passionate foodies who deliver the Nordstrom experience in a bowl, on a plate or in a cup at our in-store restaurants and coffee bars. They prepare hand-crafted food and coffee for customers in need of a quick snack or a relaxing, sit-down meal.

    Whip up your career search here. Our cooks, chefs, servers and baristas are passionate foodies who deliver the Nordstrom experience in a bowl, on a plate or in a cup at our in-store restaurants or coffee bars.

    Whip up your career search here.

    JOIN US WHERE IT ALL BEGAN.

    Whether you design clothes or business strategies, crunch numbers, lead projects or write code, we have a place for you. With headquarters in Seattle — and busy ecommerce hubs in Los Angeles and New York — we’re a fast-moving company that encourages our people to be creative, innovative and always focused on providing the best service possible to our customers. No matter your line of work, we have a place for you. We’re a fast-moving company that encourages creativity, innovation and a focus on providing the best service to our customers.

    A LOT GOES INTO THAT TINY SHOPPING CART.

    Our ecommerce team ensures customers experience the same great fashion and service on Nordstrom.com and nordstromrack.com as they expect in our stores. This team works throughout the company to deliver great shopping through cutting-edge technology. Place your career order here. Our eCommerce team, works to deliver great shopping through cutting-edge technology on Nordstrom.com and nordstromrack.com. Place your career order.

    “Nordstrom is all about relationships, whether within the fashion studio, in store or a customer's online experience. We strive to set ourselves apart by creating personal relationships with customers, as well with our employees.” — Matthew, Photographer

    Discover it Here.

    Our nordstromrack.com team thrives at the intersection of fashion, ecommerce and technology. They create daily sales events for adventurous online shoppers who love the excitement of discovering new items every day. Fashion your career here. Fashion + ecommerce + technology = nordstromrack.com. This team creates daily sales events for online shoppers who love discovering new items every day. Fashion your career.

    Power Shoppers Wanted.

    All the hot fashion found in our Nordstrom stores, at Nordstrom Rack and online comes through our Seattle-based Nordstrom Merchandising Group. These fashion-savvy trendsetters work together to make sure we have the right merchandise at the right place at the right time. They keep our customers coming back for more! Plan your career here. Our Seattle-based Nordstrom Merchandising Group makes sure we have the right merchandise at the right place at the right time. They keep our customers coming back for more. Plan your career.

    “I’ve worked with so many amazing people who have challenged me to grow and helped me move forward in my career. The opportunities are limitless.” — Courtney, Continuous Improvement Manager

    What's in a name?
    Everything.

    We don’t just sell cutting-edge fashion and accessories, we create it. Our talented fashion design team — the Nordstrom Product Group — develops, designs, produces and sources 50-plus private Nordstrom labels. From traditional to trendy, this team is shaping the styles and looks our customers love. Style your career here. Our fashion design team — the Nordstrom Product Group — develops, designs, produces and sources 50-plus private Nordstrom labels. From traditional to trendy, this team is shaping the styles and looks our customer love. Style your career.

    “I get the opportunity to work with people from all different countries, cultures and backgrounds. No matter where we come from, our goal is the same...Deliver amazing product to the customer!” — Phyllis, Supply Chain Director, Women’s Design Development

    play video

    TECHNOLOGY AS FORWARD
    AS FASHION.

    With our sights firmly set on keeping Nordstrom relevant in a fast-changing world, we continue to dream about the customer shopping experience of the future. Code your career here. With our sights firmly set on keeping Nordstrom relevant in a fast-changing world, we continue to dream about the customer shopping experience of the future. Code your career.

    “Nordstrom is the intersection of my very favorite brand and the opportunity to create technology solutions that delight our customers.” — JoAnne, VP, Technology

    Who knows what's going to happen? These folks do.

    From business trends to fashion trends, our strategy team pinpoints the next big opportunities for Nordstrom, then jumps in to help teams throughout the company to come up with creative, innovative solutions to better serve our customers. Strategize your career search here. From business trends to fashion trends, our strategy team pinpoints the next big opportunities for Nordstrom, then jumps in to help teams throughout the company to come up with creative, innovative solutions to better serve our customers. Strategize your career search.

    “What sets Nordstrom apart is its people. The people here are passionate and proud about what they do, and that’s reflective in the quality of our work, product and customer experience. ” — Kelvin, Senior Strategy Associate

    Use your creative genius
    for good.

    Our marketing team is the creative machine behind the Nordstrom brand. From strategic campaigns to enchanting in-store displays, social networking and customer loyalty programs, they use their creative skills to help keep our customers engaged. Design your career search here. Our marketing team is the creative machine behind Nordstrom. Through strategic campaigns, in-store displays, social networking and loyalty programs, they help keep our customers engaged. Design your career search.

    “It’s the mission, it’s the core: the essence of family, the feeling of belonging to a community that you can blindly follow without hesitation because the high quality service is guaranteed.” — Bukky, Advertising Coordinator

    IT'S A BALANCING ACT.

    The bucks stop, start, are analyzed, balanced, audited, saved and paid out here. The strategic number crunchers in Finance manage our budgets, run the reports and make sure everything adds up at the end of the day. Add your career search here. The strategic number crunchers in Finance manage our budgets, run the reports and make sure everything adds up at the end of the day. Add up your career search.

    “It is amazing to be part of a culture where everyone is so passionate about helping the business succeed while always keeping the customer as the first priority.” — Anya, Financial Analyst

    PEOPLE ARE OUR PRIORITY.

    Our Human Resources division takes care of our people. They develop and manage programs to support our business goals and build a service-oriented culture based on strong relationships and strategic goals. When our employees are happy, they can focus on making our customers happy. Build your career search here. Our Human Resources division develops and manages programs to support business goals and build a service-oriented culture. When our employees are happy, they can focus on making our customers happy. Build your career search.

    “I love that Nordstrom allows me to think creatively and gives me the freedom to try out new ideas. We're encouraged to be innovative in our approach to business, and how we engage with each other.” — Jacob, Learning Specialist

    THERE ARE NO LIMITS.

    With locations in Colorado and California, our Nordstrom Card Services team helps make shopping at Nordstrom a more rewarding experience. This essential behind-the-scenes group delivers great products and services to our debit and credit cardholders. Open a new career. With locations in Colorado and California, our Nordstrom Card Services team helps make shopping at Nordstrom a more rewarding experience. This essential behind-the-scenes group delivers great products and services to our debit and credit cardholders. Open a new career.

    “I admire the importance that Nordstrom places on its customers and employees alike. In our ever-changing culture one thing remains constant — quality customer service.” — Ivette, Senior Service Specialist

    A CAREER THAT SUITS YOU.

    It takes all kinds to make a company like Nordstrom tick. With your expertise in areas like Legal, Privacy, Risk, Distribution and Logistics/Supply Chain — and your love of fashion — you can contribute to our success. Start your career search here. It takes all kinds to make a company like Nordstrom tick. With your expertise in areas like Legal, Privacy, Risk, Distribution and Logistics/Supply Chain — and your love of fashion — you can contribute to our success. Start your careers search here.

    “Nordstrom is of course known for amazing customer service. I love that I see that same attitude and willingness between employees beyond the sales floor and in the corporate offices.” — Dina, Senior Sourcing Analyst

    play video

    THEY'RE DEFINITELY GETTING THEIR STEPS IN.

    Our Supply Chain teams are the silver ribbon running through every product purchased at Nordstrom. Handling everything from processing orders to providing store shipments, Supply Chain encompasses the many many steps required to get products from here to there and (sometimes) back again. Step into your career here. Our Supply Chain teams are the silver ribbon running through every product purchased at Nordstrom. Handling everything from processing orders to providing store shipments, Supply Chain encompasses the many many steps required to get products from here to there and (sometimes) back again. Step into your career here.

    Love Fashion?

    We’re on the lookout for people who love the world of fashion and are all about the customer. Sound like you? Join our team. We’re on the lookout for people who love the world of fashion and are all about the customer. Sound like you? Join our team.

    BE PART OF THE EXCITEMENT.

    play video

    We promote from within, celebrate wins and reward great work. On the sales floor and behind the scenes, everyone in our stores works as a team to make our customers feel good every time they shop with us. Apply now. We believe in helping employees grow their careers, so we promote from within, celebrate wins and reward great work. Apply now.

    Whether a career in fashion has always been your calling or you're still tinkering with the idea, Nordstrom is a great place to start your career. You'll learn our business, earn a competitive salary and receive an awesome merchandise discount. Applications for the 2021 internship are now closed. Please check back in the summer for future opportunities. play video Nordstrom is a great place to start your career. You'll learn our business, earn a competitive salary and receive an awesome merchandise discount. Applications for the 2021 internship are now closed. Please check back in the summer for future opportunities.

    ALL ABOARD FOR FASHION.

    High school juniors and seniors with a passion for fun and all things fashion make up our Fashion Ambassador Program. These fashion go-getters get to learn the ins and outs of the industry and have behind-the-scenes access to exciting projects and events. We accept applications every February for the following school year.

    Find out more.In this program, high school juniors and seniors learn the ins and outs of the industry and gain behind-the-scenes access to exciting projects and events. We accept applications every February for the following school year.

    Find out more

    IT'S ABOUT SERVICE AND SO MUCH MORE.

    At Nordstrom, we like to keep things simple. We have one goal: Make customers feel good. Whether we’re helping a bride find the perfect dress or teaching a group of kids to tie their shoes, we're focused on creating long-lasting relationships with our customers and our employees. At Nordstrom, we like to keep things simple. We have one goal: Make customers feel good. Whether we’re helping a bride find the perfect dress or teaching a group of kids to tie their shoes, we're focused on creating long-lasting relationships with our customers and our employees.

    We've got you covered.

    We offer a comprehensive benefits package complete with a fabulous merchandise discount, medical coverage, an employer-matched retirement plan and much more. We offer a comprehensive benefits package complete with a fabulous merchandise discount, medical coverage, an employer-matched retirement plan and much more.

    LEAVING IT BETTER THAN WE FOUND IT.

    For us, social responsibility is really about being a company that our customers and employees can be proud of. So we work to reduce our impact on the environment, give back to the communities that support us, work to create a fair, safe workplace for the people who make our products and provide our employees with a great place to work. Learn more about our diversity and Nordstrom Cares programs.

    We want to be a company our customers and employees can be proud of. So we work to reduce our environmental impact, provide a fair, safe workplace for our employees and give back to the communities we're in. Learn more about our diversity and Nordstrom Cares programs.

    EXPLORE THE POSSIBILITIES.

    We believe in rewarding outstanding work, promoting from within and building long-term relationships with our employees. Our culture makes all of these things possible. It’s fun, supportive, competitive and a great place to grow your career. We believe in rewarding outstanding work, promoting from within and building long-term relationships with our employees. Our culture makes all of these things possible. It’s fun, supportive, competitive and a great place to grow your career.

    Mohammad - Tailor Shop Manager

    Newness and moving with speed to deliver on customer needs no matter how they choose to shop is more important than ever, which is what we focus on in our services like Alterations and Tailoring. Read more about Mohammad and his career. Newness and moving with speed to deliver on customer needs no matter how they choose to shop is more important than ever, which is what we focus on in our services like Alterations and Tailoring. Read more about Mohammad and his career.

    Clark - NYC Salesperson at our Men’s Store

    Our legacy of customer service is built on real experiences, and our salespeople help make this possible — from greeting customers to building lasting, meaningful relationships. Read about how Clark defines what it means to be customer obsessed. Our legacy of customer service is built on real experiences, and our salespeople make this possible — from greeting customers to building lasting, meaningful relationships. Read about how Clark defines what it means to be customer obsessed.

    play video

    Gabby - Nordstrom Rack, Sales

    Working at Nordstrom Rack is a team sport. If you enjoy a family atmosphere and thrive in a fast-paced environment, it might be the right place for you! Working at Nordstrom Rack is a team sport. If you enjoy a family atmosphere and thrive in a fast-paced environment, it might be the right place for you!

    play video

    Isaias - Cosmetics, Sales

    Nordstrom isn’t just another job—it’s a career. It’s a place where you can learn and grow...and make customers feel good. Nordstrom isn’t just another job—it’s a career. It’s a place where you can learn and grow...and make customers feel good.

    Here's where you'll find answers to some of our most frequently asked questions about working at Nordstrom.

    Источник: https://careers.nordstrom.com/

    Internship

    Image

     

    The Bank Internship Program (BIP)

    The Bank Internship Program is now accepting applications through January 31st for its Summer Term (May – September 2022). The Bank Internship Program (BIP) offers highly motivated individuals an opportunity to be exposed to the mission and work of the World Bank. The internship allows individuals to bring new perspectives, innovative ideas and research experience into the Bank's work, while improving skills in a diverse environment. In addition, it is a great way to enhance CVs with practical work experience. Internships are available in both development operations and other business units (such as Human Resources, Communications, Accounting, etc.) however, availability during a given bank of america associate benefits term is based on business need. To access the application, please click the apply button, noting that only selected candidates will be contacted.

     

    Eligibility Criteria

    To be eligible for an Internship, candidates must have an undergraduate degree and be enrolled in a full-time graduate study program (pursuing a master's degree or PhD with plans to return to school full-time). There is no age limit.

    Fluency in English is required. Knowledge of languages such as: French, Spanish, Russian, Arabic, Portuguese, and Chinese is desirable. Other skills such as computing skills are advantageous.

    We value diversity in our workplace, and encourage all qualified individuals, particularly women, with diverse professional and academic backgrounds to apply. Our aim is to attract and recruit the best talent in the world.


    Additional Information

    The WB Internship Program typically seeks candidates for: Operations (Front Line) in the following fields: economics, finance, human development (public health, education, nutrition, population), social sciences (anthropology, sociology), agriculture, environment, engineering, urban planning, natural resources management, private sector development, and other related fields; or Corporate support (Accounting, Communications, Human Resources Management, Information Technology, Treasury, and other corporate services).


    The WB pays an hourly salary to all Interns and, where applicable, provides an allowance toward travel expenses up to USD 3,000 at the discretion of the manager. These travel expenses can only include transport expenses (airfare) to or from the duty station city. Interns are responsible for their own accommodations. Driven by business needs, most Intern positions are based in Washington, DC with a few others in the WB country offices. Usually, internship opportunities are for a minimum of four weeks.


    The WB Internship is offered twice a year:
    Summer Internship (May–September): The application period is December 1–January 31 each year.
    Winter Internship (November–March): The application period is October 1-31 each year.
    All applications must be submitted online and during the respective application period. (We do not accept applications by email.)

    J1 visa holders need to obtain a G4 visa abroad prior to starting employment or unpaid internship at the WB.


    Application Process

    Application Form: Take time to prepare your application and enter your personal information accurately. You will be asked to upload the following documents:

    - Curriculum Vitae (CV)
    - Statement of Interest
    - Proof of Enrollment in a graduate degree

    Application Checklist: the following application checklist is meant to facilitate your application experience.

    • Ensure that you use either Google Chrome, Mozilla Firefox, Apple Safari, or Internet Explorer 10 or higher as your browser version.
    • Please make sure that you are connected with a reasonable bandwidth of internet connection without any network/firewall restriction.
    • You will be asked to register for an account and provide an email address. Ensure that you have correctly spelled out your email address, since this will be our main channel of communication with you regarding your candidacy.
    jose c hernandez You must complete your application in a single session and you will only be able to submit it if you have uploaded all the required documents and answered all the questions (all questions marked with an asterisk-*- are required).
    • Please complete the application within 90 minutes to avoid a system timeout.
    • Remember to enter your complete phone number (country code + city code + number).
    • Please do not enter any special characters (â-<>&#â, etc.) in any of the application fields. Try not to copy and paste any characters/text from Microsoft Word.
    • Please upload the following documents (mandatory) before submitting your application:

    - Curriculum Vitae (CV)
    bank of america associate benefits Statement of Interest
    - Proof of Enrollment in a graduate degree

    Note: Each file should not exceed 5 MB and should be in one of the following formats: .doc. docx, or .pdf

    • Please make sure that the filenames of the documents that you are attaching do not contain any special characters, such as â-<>&#â, etc. PDF files are the best files to upload.
    • Once you submit your application, you will not be able to make any further changes/updates.
    • Upon submission of your application you will receive an email confirmation providing you with your application number.

     

    Selection

    All applications are stored in a database which is consulted by hiring Managers based on business needs. Please note that candidates will not hear from us unless they are shortlisted by a hiring Manager that is looking to hire an intern. Managers have access to the Internship database from February – July (Summer Internship) and from November – January (Winter Internship). We do not have a pre-identified number of positions for interns per season. For each season, hiring is solely based on business needs.

     

    Источник: https://www.worldbank.org/en/about/careers/programs-and-internships/internship

    At Bank of America, the organization believes in supporting its employees in their personal lives and professional lives because they are the pillar of the business. If you are applying for employment at Bank of America, and you are considering what the employee benefits the organization offers, you are on the right page. Bank of America provides a wide range of benefits for their employees, while the organization provides much support their employees need. Besides its competitors, Bank of America is a great place to work because there is a work-life balance for every employee. Here, let’s know about Bank of America Employee Benefits.

    Here are some categories of benefits offered by Bank of America to their employees to make them happy and productive.

    Bank of America Employee Benefits

    Health and insurance benefits

    Not all employers of labor in the United States consider the importance of their employee health as Bank of America does. This is because Bank of America believes their employees are the pillar of the organization, and if any of the pillars fall, the business will suffer drag. The Bank of America provides its employees with comprehensive healthcare and insurance packages that cater to bank of america associate benefits health. More so, the health insurance extends to their families as well. They also provide the employee with health and lifestyle coaching sessions that, in a way, help to contribute to their lifestyle performance in the long run. Aside from the health care insurance, there is a provision for replacement income in case of life disability when their employee suffers a fatal injury or death.

    Medical benefits plan

    The medical benefits plan provided by Bank of America is easily accessible by the employees of the bank and their family members. The plan is designed to help the employee and their family save money if they battle any medical conditions. The medical fees are handled by the Bank of America while providing other securities and coverage for medical costs incurred, such as visiting the doctors or being admitted to the hospital. In addition, a medical plan covers drugs prescribed for the Bank of America employees, which is tailored towards maintaining a healthy lifestyle.

    Dental benefits

    As an employee at Bank of America, you are also entitled to dental benefits paid for by the organization.  Here is another perk offered by the bank where any cost you have incurred while seeking detailed medical health or other extractions or tooth repair processes. Preventive care and major tooth care are also paid for, and you can easily get reimbursed by the company.

    Physical wellness Benefits

    Aside from the medical and dental benefits that the employees enjoy, the Bank of America also offers its employees physical wellness benefits. The offers include an overall quality health insurance, the plan that the employees benefit from, and a way to get them active to perform duty daily. In addition, there are various programs and resources such as annual health screening exercises conducted by Bank of America on their employees.  This is often a session designed to get the employees to access resources to help them manage their health better at no cost.

    Emotional wellness

    This is an important aspect of our life as human beings, and any displacement in the emotional wellness of an individual would lead to crises. This is why Bank of America has provided a benefit to cater to the health of their employees in their emotional lifestyle.  There are times when there phone number santander customer service be life challenges; Bank of America believes employees should get help when necessary. The employee’s assistance program provides free access 24/7 for all employees and family members who might need the same help. US employees working with Bank of America have access to industry-leading experts who can easily guide you through the emotional crisis you might find yourself in. Here is a list of how Bank of America supports you during significant times in your life the include;

    Critical events, such as natural disasters, 

    Fires

    Complex leaves of absence 

    Gender transition in the workplace 

    Retirement 

    Survivor support 

    Terminal illness 

    Transition related to military service 

    Working with a medical accommodation need in the workplace

    Besides, if you are going through any grief, you would be entitled to a paid leave for up to 20 days as a full-time employee if you have lost any family members of yours. Suppose you are hosting a moment that matters in your life. In that case, you get access to a Life Event Services team from Bank of America who would provide you with personalized resources, connections, and other benefits you might require to go through the emotional stage you are in.  Moments like retirements, burial for a loved one or impacted domestic no way jose urban dictionary you might suffer, or anything related to emotional support is all catered for by Bank of America.

    Financial Wellness

    Here is another ultimate reason Bank of America is considered one of the best places to work: the various benefits available to its employees. Bank of America offers its US employees up to about 50 percent eligible pay to their 401 k retirement saving place, which only a few organizations measure up to. In addition, the contribution support provided by Bank of America matches the plus 2 percent or 3 percent in the annual contribution to the retirement saving plan. 

    More so, Bank of America US employees can speak with an experienced counselor on managing their finances. In addition, they can easily benefit from the Education and Planning Center of the company for free. Here they can easily learn how to prepare for their retirement days and help them set financial goals. Indeed the guidance is designed to help the employees manage their funds properly and create an effective saving plan for the later future. 

    Finally, employees of Bank of America are offered financial education and special access to expertise, products, and services on finance, which is extended to their family members as well.

    Career mobility

    Bank of America cares not only for your finances but also for your career transition and success. This is because the more successful you are in your career, the more productive you would be at Bank of America. The company helps you develop your skills and grow your career to a critical stage where you can easily sustain your talent and overall performance. In addition, there are various leadership-supported programs and learning development resources that are accessible to you for free. 

    Your performance is reviewed in line with your job description, and once a year conversation is achieved, you will be examined. The purpose of career mobility benefits is to help you achieve actionable goals and sharpen the skills required to achieve that great feat you desired. With consistent check up on your goals and support from the Bank of America through its career mobility benefits, in no time, you would achieve your goal and get to the desired stage. Here are some aspects that are focused on by Bank of America;

    Skill development: Your skills are a potential asset to Bank of America, and they must be properly explored. If you are not using your skill properly, Bank of America brings a diverse learning style and directs you to achieve a personalized approach to skill development.  The good thing is that you have access to continuing education, and the bank ensures their employees are at the top of their performance level so they can positively impact the organization with their skills and grow over time in their careers. 

    Professional growth: Bank of America offers another benefit to its employees: an opportunity to grow within the organization. No matter the career path you have chosen at Bank of America, there is always a way for the bank to support you professionally through resources and programs to help you explore the next stage of your career and prepare you for the new duties and roles you would be carrying out. In addition, Bank of America has leadership models outlined to help bank of america associate benefits throughout your journey in the organization and empower you to make the best decisions for your career progression. 

    Conclusion

    Bank of America has stood tall among other employers through its various plans and benefits to its employees. From wellness to emotional support and medical insurance, and other benefits that have been mentioned in this piece. As a future employee at Bank of America, working in this organization would be an experience you would love to always associate with because you would immensely benefit from all the offerings of Bank of America. In short, almost all the benefits available to you as an employee of Bank of America are also accessible to your family members. 

    FAQS

    What discounts do the employees of Bank of America benefit from?

    The employees of Bank of America enjoy different discounts, and those discounts include;

    • Computers Member Pricing for all major brands.
    • Eating In or Out. Up to 90% off at 18,000 locations.
    • Personal Vacations. Air, Hotel & Car Rentals from Corporate Perks.
    • Electronics
    • Cell Phones
    • Movie Tickets

    Is Bank of America a good bank?

    Bank of America is a good choice for many customers who want to access banking services. More they reward their customers frequently.

    Источник: https://howigotjob.com/employee-benefits/bank-of-america-employee-benefits/

    Bank of America has made at least 45 hires this year for an aggressive push into the red hot — and super competitive — business of courting corporate HR execs. Here's why it's betting on the space.

    • Bank of America is building out a team of specialists with an eye on pushing further into the competitive world of benefits offerings for other companies' employees. 
    • This year, the firm has hired 45 employee benefits specialists, many of whom are industry veterans, and now has a team of 69 such specialists who work with bankers and Merrill Lynch financial advisers.  
    • The bank earlier this year officially rolled out a workplace benefits program that bulked up its position in a space where rival bank and wealth manager Morgan Stanley has made a similar aggressive push. 
    • For firms like them, offering products like 401(k) plans and healthcare savings accounts can create paths to lock in customers who can later become lucrative wealth clients.
    • Visit Business Insider's homepage for more stories. 

    Bank of America is muscling into the competitive world of managing benefits for corporate clients' employees, an area that rival Morgan Stanley has invested in aggressively over the last year. 

    It's a boring-but-stable area that banks are piling into. Bank of America fully rolled out a new program in February that's geared toward providing other companies' employees benefits like healthcare savings, 401(k) accounts, equity compensation plans, and other products. 

    The firm is quickly growing out its team to support its push into overseeing benefits for other companies' employees, which can be lucrative for banks as they can draw customers into other investment products and services, like its Merrill Lynch Wealth Management arm, over time. 

    "After years of learning and getting better at really understanding how we can help a company, it's a combination of the bundling of all these things tied together when you're having discussions with the senior leadership of a company — but then how we deliver things both digitally and physically," said Aron Levine, the head of consumer banking and investing. 

    This year, Charlotte-based Bank of America has hired 45 employee benefits specialists, many of whom are industry veterans. It has hired longtime retirement experts from insurance companies and asset managers including TIAA, Lincoln Financial Group, and John Hancock Financial Services, including at least five veteran specialists from Invesco.

    It now has a team of 69 such specialists who work with banking relationship managers and Merrill Lynch financial advisers. 

    Andy Sieg Merrill Lynch
    Brian Ach/AP Images for Bank of America Merrill Lynch

    Ultimately, there will be some 100 specialists in total who will provide full coverage for bankers and financial advisers. A spokesperson said there was no concrete headcount figure it was targeting this year.

    As the unit — called Financial Life Benefits — grows, the firm will continue adding staff on an as-needed basis, like in relationship management, operations, and other areas, a bank of america associate benefits said. 

    "We view the workplace as one more powerful opportunity for growth for the wealth management franchise," Andy Sieg, the president of Merrill Lynch, said during a discussion at a virtual conference held by Deutsche Bank in May. 

    The wealth business, which managed some $2.4 trillion in client assets as of late June, is looking to mesh benefits tools with "the broader digital platforms of the company, and you'll be seeing more around that soon," Sieg said.

    Workplace benefits, meet wealth management

    As companies stay private for longer periods, growing the focus on equity compensation plans that serve high-flying startups' employees who are building their wealth, banks see an opportunity to go after that group. 

    That thinking was on full display last year when Morgan Stanley bought Solium Capital, later re-named Shareworks by Morgan Stanley, for $900 million to secure a foothold in that market.

    The firm added 525 new corporate clients between the acquisition's announcement in early 2019 through the second quarter, according to a transcript of Morgan Stanley's latest earnings call in July on the investment research platform Sentieo. It's added 180 new clients this year, Chief Finance Officer Jon Pruzan said. 

    Read more: Greg Fleming's $43 billion Rockefeller Capital has hired 19 adviser teams from top wealth firms in 7 months. Execs lay out where it's focused next.

    Overall, Bank of America serves 5.9 million plan participants and nearly 30,000 companies, a company spokesperson said. The technology investment the firm made to bring Financial Life Benefits together was "significant," according to a February statement, though the spokesperson declined to specify the size.

    Within Merrill Lynch, more than 3,300 financial advisers are certified to work with the suite of offerings. The wealth manager has 17,888 wealth advisers, which include full-service financial advisers and professionals working on other products, like Merrill Edge; it no longer discloses financial adviser headcount.

    The newly centralized internal push in offering workplace benefits is already moving existing clients to new products, said Lorna Sabbia, the firm's head of retirement and personal wealth solutions, in a recent phone interview.

    For instance, some existing corporate clients now have health savings programs for their clients through Bank of Best places to eat in san francisco food network, too. 

    A competitive, crowded arena 

    The competition for adding new clients under a dedicated benefits umbrella highlights how competitive legacy wealth management firms have bank of america associate benefits stay to maintain an edge against new entrants — and each other. 

    To stay ahead and offer new services and products that could draw in and keep a new generation of customers, firms have embraced industry buzzword "financial wellness" to describe moving beyond a bank or wealth manager's mere financial relationship and into many aspects of a client's life.

    Last December, E-Trade paid $30 million for Gradifi, a student loan provider, which adds additional tools and products to the brokerage's stock administration plan business.

    When Morgan Stanley said in February that it would buy discount brokerage E-Trade in a deal set to close later this year, analysts and people familiar with the deal said part of the appeal for the New York investment bank was E-Trade's stock plan administration unit. 

    "Moving forward, financial wellness is moving out of the workplace to encompass services beyond traditional wealth management, such as paying off debt, helping clients find a qualified caregiver, providing elder care support, or helping with financial crisis management," Dennis Gallant, a senior analyst at the Aite Group, an industry research firm, wrote in a report published earlier this year. 

    Read more: 

    Источник: https://www.businessinsider.com/bofa-merrill-lynch-eyes-bigger-workplace-benefits-push-2020-8

    Jones v. Bank of America, NA, 311 F. Supp. 2d 828 (D. Ariz. 2003)

    311 F. Supp. 2d 828 (2003)

    Gilbert W. JONES, Plaintiff,
    v.
    BANK OF AMERICA, N.A., a national banking association, Defendant.
    Bank of America, N.A., a national banking association, Counterclaimant,
    v.
    Gilbert W. Jones, Counterdefendant.

    No. CIV. 02-1757-PHX-SMM.

    United States District Court, D. Arizona.

    December 9, 2003.

    *829*830 Najia M Kerrin, Esq, Jill K Osborne, Misty Dawn Guille, Kerrin & Osborne PC, Phoenix, AZ, for Plaintiff and Counter-Defendant.

    Charles L Chester, Esq, Matthew Todd Clarke, Ryley Carlock & Applewhite PA, Phoenix, AZ, for Defendant and Counter-Claimant.

     
    MEMORANDUM OF DECISION AND ORDER

    McNAMEE, Chief Judge.

    Pending before this Court is Plaintiff's Motion for Summary Judgment and Defendant's *831 Motion for Summary Judgment on all of Plaintiff's claims and on its Counterclaim for Declaratory Judgment [Doc. No. 3]. After reviewing the documents submitted by the parties, and hearing Oral Arguments on November 17, 2003 at 2:00 p.m., the court issues the following decision:

     
    BACKGROUND

    Plaintiff was an employee of Defendant for approximately fifteen years. On January 3, 2000, Defendant granted Plaintiff an award of 10,200 shares of stock options pursuant to a Key Employee Stock Plan Nonqualified Stock Option Award Agreement ("KESOP" or "Agreement"). One third of the shares were to vest each year for three years. The Agreement granted Plaintiff an option to purchase shares of Defendant's Common Stock at option prices not less than the fair market value of shares of Common Stock at close of business on the date of grant. The Award certificate specified that the options would expire on January 3, 2010 (10 years from date of issue). The Award was also subject to cancellation in the event an employee was terminated from employment. In that case, the options would be cancelled on the earlier of the expiration date or a preset cancellation date depending on the reason for termination as follows:

     
    Reason for Termination Cancellation Date Retirement Expiration Date on certificate Death or Disability 12 months from termination For Cause Termination date Americas best eyeglasses tucson other terminations 90 days from termination date

    The KESOP Agreement defines "retirement" as termination of employment after the employee has: (1) attained at least age 50; (2) completed a minimum of fifteen years of "vesting service" and (3) attained a combined age and years of "vesting service" equal to at least 75 (this formula is termed the Rule of 75). Plaintiff was also provided with a Fact Sheet, Prospectus, and vesting schedule when he received the award. According to the Fact sheet, an employee may exercise vested options while employed by Defendant, and in certain circumstances after employment ends. Those circumstances, stated above, include retirement, and "all other terminations." Those documents also define "retired" as having attained a combined age and years of "vesting service" equal to at least 75.

    On September 8, 2000, Defendant made the decision initiate a "reduction in force." Also in September, Plaintiff received a stock status report showing the status of his options, and showing the expiration date of the award as January 3, 2010. On September 29, 2000 Plaintiff received notification that he was one of the employees to be terminated pursuant to the reduction in force. His last day was set for October 10, 2000.

    Upon notification of the reduction in force, Plaintiff received a severance benefit package and a General Release and Settlement Agreement which he signed on November 4, 2000. The severance agreement provided Plaintiff with: 1) $54,000 supplemental severance pay; 2) a $5,000 payment in lieu of outplacement services; and 3) a salary severance benefit of $110,384.59. Plaintiff also signed a "release of claims" under which he waived, released and forever discharged Defendant from any claims, including for example, "claims arising from statements (written or oral) made or distributed or published by the Bank .," claims for any type of wages . separation or severance benefits."

    What Plaintiff fails to understand is that under the "reduction in force" Plaintiff was not retired. Rather, he was terminated. However, in order to allow Plaintiff, and others selected for termination, to qualify for retirement benefits, they were provided a 12 month "bridge" which enabled persons within one year of retirement to receive company provided retirement benefits. Because Defendant has merged *832 with other companies several times, some employees ally mortgage rates not subject to the Bank of America Rule of 75 plan. Defendant was initially classified as retirement eligible under a pre-merger company under which, he was only require to meet the "Rule of 70."[1] The Rule of 70 requires that a retiree have: 1) attained at least age 50; 2) completed at least 15 years of vesting service; and 3) attained a combined age and years of vesting service equal to at least 70. On Plaintiff's official termination date, October 10, 2001, he was 56 years old and was credited with 15.083 years of benefit service-thus surpassing the Rule of 70 requirement for benefits purposes.

    On March 6, 2002, Plaintiff attempted to exercise and sell 2500 options granted under the KESOP but was told that his options had expired pursuant to the certificate. According to Defendant, Plaintiff was not retired as defined in the KESOP and therefore his termination was classified as "all other terminations" and subject to a 90 day cancellation period. As such, according to Defendant, Plaintiff's options were cancelled on January 8, 2002.

    Plaintiff argues that he is retired as defined in Defendant's policies and that he received assurances from his superiors, Pat Fox, Donna Hill and Marila Abuan that his options would not expire until 2010. Therefore, Plaintiff filed suit alleging breach of contract, lost wages, breach of fiduciary duty, and negligent misrepresentation. He seeks compensation in an amount between $45,656.25 and the amount for which he would be able to sell 2500 shares upon the court's order, plus interest on the $45,656.25 at a legal rate of 10%, plus the value of the remaining 7700 options that he claims will not expire until January 3, 2010. In addition, Plaintiff seeks treble damages pursuant to Arizona's Wage Statutes, Arizona Revised Statutes § 23-350 et seq. in the amount of $136, 968.75.

    Defendants removed the case to this Court and counterclaimed bank of america associate benefits Declaratory Judgment. Both parties have now submitted Motions for Summary Judgment.

     
    STANDARD OF REVIEW

    A court must grant summary judgment if the pleadings and supporting documents, viewed in the light most favorable to the nonmoving party, "show that there is no genuine issue as to any material fact and that the moving party is entitled to judgment as a matter of law." Fed.R.Civ.P. 56(c); see also Celotex Corp. v. Catrett, 477 U.S. 317, 322-23, 106 S. Ct. 2548, 91 L. Ed. 2d 265 (1986); Jesinger v. Nevada Fed. Credit Union, 24 F.3d 1127, 1130 (9th Cir. 1994). Substantive law determines which facts are material. See Anderson v. Liberty Lobby, 477 U.S. 242, 248, 106 S. Ct. 2505, 91 L. Ed. 2d 202 (1986); see also Jesinger, 24 F.3d at 1130. "Only disputes over facts that might affect the outcome of the suit under the governing law will properly preclude the entry of summary judgment." Anderson, 477 U.S. at 248, 106 S. Ct. 2505. The dispute must also be genuine, that is, the evidence must be "such that a reasonable jury could return a verdict for the nonmoving party." Id.; see also Jesinger, 24 F.3d at 1130.

    A principal purpose of summary judgment is "to isolate and dispose of factually unsupported claims." Celotex, 477 U.S. at 323-24, 106 S. Ct. 2548. Summary judgment is appropriate against a party who "fails to make a showing sufficient to establish the existence of an element essential to that party's case, and on which that party will bear the burden of proof at *833 trial." Id. at 322, 106 S. Ct. 2548; see Citadel Holding Corp. v. Roven, 26 F.3d 960, 964 (9th Cir.1994). The moving party need not disprove matters on which the opponent has the burden of proof. at trial. See Celotex, 477 U.S. at 317, 106 S. Ct. 2548. The party opposing summary judgment "may not rest upon the mere allegations or denials of [the party's] pleadings, but . must set forth specific facts showing that there is a genuine issue for trial." Fed.R.Civ.P. 56(e); see Matsushita Elec. Indus. Co. v. Zenith Radio, 475 U.S. 574, 585-88, 106 S. Ct. 1348, 89 L. Ed. 2d 538 (1986); Brinson v. Linda Rose Joint Venture, 53 F.3d 1044, 1049 (9th Cir.1995).

     
    DISCUSSION 
    I. Plaintiff's Motion for Summary Judgment

    The primary dispute in this case concerns the definition of the word "retirement" and whether Plaintiff is "retired" for purposes of the Agreement and whether termination pursuant to a reduction in force satisfies the "retirement" requirement under the Agreement. Plaintiff contends that the Agreement is ambiguous because the definition of "retirement" is subject to two different contra costa county health interpretations between the Defendant's retirement policies and the KESOP award. As such, the court should interpret the ambiguity against the Defendants. See Darner Motor Sales v. Universal Underwriters Ins. Co., 140 Ariz. 383, 400, 682 P.2d 388, 405 (1984) ("Arizona courts have always interpreted ambiguous terms against the drafter."). Defendants contend that the language is straight forward and that it is clear that Plaintiff was not "retired" for purposes of the Agreement.

     
    A. Breach of Contract

    Plaintiff claims that by refusing to honor his stock options, Defendant breached the KESOP Award Agreement. He argues that the definition of "retired" is ambiguous, and asks the court to allow him to exercise the options or in the alternative to receive the value of those options.

    When interpreting a contract, the court must avoid the temptation to automatically interpret the contract language as the court understands the words. It is fundamental that a court attempt to "ascertain and give effect to the financial plus credit union customer service number of the parties at icici net banking login app time the contract was made if at all possible," and in light of all the surrounding circumstances. Taylor v. State Farm Mut. Auto. Ins. Co., 175 Ariz. 148, 153, 854 P.2d 1134, 1139 (1993); RESTATEMENT (SECOND) CONTRACTS § 202. Moreover, ambiguous terms in a contract are to be construed against the drafter. Darner Motor Sales, Inc., 140 Ariz. at 400, 682 P.2d at 405, citing Sparks v. Republic Nat'l Life Ins. Co., 132 Ariz. 529, 647 P.2d 1127 (1982); Germania Fire Ins. Co. v. Bally, 19 Ariz. 580, 591, 173 P. 1052, 1057 (1918). But, the fact that the parties dispute a contract's meaning does not establish that the contract is ambiguous. Boudreau v. Borg-Warner Acceptance Corp., 616 F.2d 1077, 1079 (9th Cir.1980), citing Grossman v. Hatley, 21 Ariz.App. 581, 522 P.2d 46 (1974).

    At issue in this case are the "Settlement Agreement," the Bridging Policy and the KESOP award. Each document contains the same definition of "retired." Under the Settlement Agreement, a person may retire after meeting or surpassing the requirements of the Rule of 75. Under the KESOP, a person is considered retired after meeting or surpassing the requirements of the Rule of 75. Under commercial property management jobs Bridging Policy, Plaintiff was given a 12 month "bridge to meet the Rule of 75." The Bridging Policy also provides a bridge for "former Bank of America associates" [such as Plaintiff] grandfathered under prior programs, "specifically the rule of 55 *834 plus 15 years of benefit service (termed the "Rule of 70" by the parties)." Thus, Plaintiff was entitled to a bridge to meet the Rule of 70 for purposes of receiving retirement benefits but was not considered "retired."

    Plaintiff contends that the "bridging policy," Settlement Agreement, and assurances from supervisors that he would be considered retired although not meeting the Rule of 75 requirements, creates an ambiguity. According to Plaintiff, the bridging policy and Settlement Agreement "changed the terms of the KESOP agreement" such that he was considered retired if he met the Rule of 70. However, the bridging policy is silent on the KESOP, and the Settlement Agreement plainly states "nothing in this Agreement shall impair, diminish or interfere with any rights, privileges or benefits related to the Awards, and/or the Plans pursuant to which the Awards were issued, of any . stock options."

    Looking at the plain language of the Settlement Agreement and the KESOP, Plaintiff's argument is without merit. The Settlement Agreement includes a portion entitled "effect of your separation on stock plans and other benefits" that provides "unless you are retiring, you will have 90 bank of america associate benefits days to exercise any vested options . If you meet the definition of retirement as defined in your award agreement, your outstanding options will become fully vested at termination."

    The definition of "retired" under the KESOP plainly states that the employee must meet the Rule of 75 requirement. Plaintiff was "bridged" up to meet the Rule of 70 requirement for purposes of receiving retirement benefits after the reduction in force. However, the KESOP award is not a retirement benefit, rather it was a benefit of employment. In furtherance of the proposition that KESOP is not a retirement benefit is Plaintiff's own Appendix 2 to his Statement of Facts in Support of his Response to Defendant's Motion for Summary Judgment. Appendix 2 is an informational pamphlet outlining Defendant's retirement benefits. That document includes as retirement benefits, Pension Plan benefits, 401(k) benefits, continued health care coverage, life insurance, and special rates on certain banking services. Defendant's retirement benefits do not include stock options.

    In September 2000, Plaintiff received a "stock status report" showing his KESOP option to expire on January 3, 2010. [See Exh. 5] According to Plaintiff, this is proof that the options would remain open until bank of america associate benefits date. However, as the KESOP agreement provides, the expiration date is irrelevant if the Plaintiff's employment is terminated. In the event of termination, the right to exercise options under the KESOP is limited in duration depending upon the reason for termination. In this case, Plaintiff did not is flavored oatmeal good for you the Rule of 75 standard as provided in both the severance agreement and the KESOP, and therefore Plaintiff's severance was classified as "all other terminations." Accordingly, he had 90 days after termination, which was until January 4, 2001, within which to exercise his stock options.

    According to Plaintiff, he accepted the severance package (or as he terms it, the "offer of early retirement") only after receiving repeated assurances that he would be "retired" for KESOP purposes and that his options would expire on January 3, 2010. Plaintiff presents a handwritten note to himself that he spoke with Fox, Hill, and Abuan who offered their assurances. Defendant's provided as bank of america associate benefits, affidavits of Fox, Hill, and Abuan that none of them assured Plaintiff that he would be considered "retired" for KESOP purposes. This conflicting evidence presents *835 a disputed fact in this case. However, it is not a material fact because regardless of what Fox, Hill and/or Abuan told or did not tell Plaintiff, he is still bound by the terms of the KESOP. The KESOP, Prospectus, Fact Sheet, and Vesting Schedule are clear as to the terms under which Plaintiff could have exercised his options, irrespective of any information given him by Fox, Hill, and/or Abuan.

    Defendant also contends that Plaintiff was not "offered" early retirement, rather he was selected for termination pursuant to a reduction in force. As such, there was nothing to either accept or reject. Plaintiff was terminated as part of a reduction in force. Defendant "bridged" his retirement date up one year so that he could receive "retirement benefits" under the company's former retirement plan (the Rule of 70), and he was offered a severance package which he signed, and accepted monetary payment. The severance package did not include stock options.

    For purposes of Summary Judgment the pleadings and supporting documents, viewed in the light most favorable to Plaintiff, show no genuine issue as to any material fact. Even if the Court considers the surrounding circumstances as requested by Plaintiffs, it is undisputed that the Plaintiff was not retired for KESOP purposes.

    The material facts are that Plaintiff was retired for purposes of the Defendant's retirement plan, but not retired as defined by the KESOP. The language of the KESOP is not ambiguous and clearly states that "retired" means the employee qualifies under the Rule of 75. Even with the extra one year "bridge" given by Defendant, Plaintiff did not meet the Rule of 75 requirements. Rather, he met the Rule of 70 requirements necessary for him to receive retirement benefits after his termination.

    Plaintiff makes unsupported allegations of ambiguity. That Plaintiff thinks the terms of the KESOP and other documents is ambiguous does not make it so. He does not "set forth specific facts showing there is a genuine issue for trial." As such, Plaintiff is not entitled to Summary Judgment on the breach of contract issue.

     
    b. Breach of Fiduciary Duty

    Plaintiff alleges that Defendant owed him a duty to disclose that the KESOP expiration date was not as stated on the face of the award agreement. Plaintiff argues that Defendant repeatedly provided inaccurate or intentionally misleading information regarding his status as "retired" for KESOP purposes and that as a result, he was induced into accepting early retirement. Had he known that he would lose his options, he would not have accepted the early retirement but would have remained employed long enough for all of his options to vest. Other than unsubstantiated allegations, Plaintiff presents no proof that Defendant owed it a fiduciary duty, no proof that Defendant intentionally (or otherwise) offered inaccurate information and no proof that he could have remained employed.

    Defendant argues that it made no inaccurate or intentionally misleading statements to Plaintiff and that the documents are clear that he was not retired for purposes of the KESOP. Plaintiff received $169,384.55 as provided in the severance plan and Settlement Agreement. While Plaintiff had the option to reject or accept the terms of that agreement, he did not retain the option to remain employed. He was not offered early retirement. He was terminated due to a reduction in force. Therefore, he would not have been able to retain his employment any longer, and the remaining 2/3 his options would remain unvested.

    *836 Although the parties dispute whether Plaintiff received misleading information, the only evidence supports that he did not. Plaintiff failed to provide sufficient facts to establish the existence of an element essential to his case on which he bears the burden of proof at trial. As such, Summary Judgement may not be awarded in Plaintiff's favor.

     
    c. Negligent Misrepresentation

    The RESTATEMENT (SECOND) TORTS § 522(1) provides:

     
    [o]ne who, in the course of his business, profession or employment, or in any other transaction in which he has a pecuniary interest, supplies false information for the guidance of others in their business transactions, is subject to liability for pecuniary bank of america associate benefits caused to them by their justifiable reliance upon the information, if he fails to exercise reasonable care or competence in obtaining or communicating the information.

    Plaintiff argues that Defendant had a duty to exercise reasonable care in making representations about presently ascertainable facts. See Arizona Title v. O'Malley Lumber Co., 484 P.2d 639, 14 Ariz.App. 486 (Ariz.Ct.App.1971). He argues that Defendant repeatedly advised him regarding the KESOP and failed to exercise reasonable care and competence in communicating requested information to Plaintiff. As a result of Plaintiff's reliance upon the false information, Plaintiff suffered pecuniary loss. It is true that Defendant must exercise reasonable care when ascertaining the facts of Plaintiff's retirement. However, Defendant denies making any statements or representations to Plaintiff and Plaintiff provides only an unauthenticated handwritten note to himself that it did. Plaintiff merely states that Defendant has a duty, but fails to provide specifically how Defendant breached that duty and how his reliance on the allegedly received information was "reasonable."

    Defendant argues, and provides affidavits as evidence, that it did not advise Plaintiff regarding the KESOP, and that routine practice is to advise employees to contact the Stock Option Committee of the Board of Directors for stock option related questions. Therefore, according to Defendant, there were no assurances given regarding the KESOP and therefore, any reliance was not reasonable sovereign bank business checking login the circumstances.

    Plaintiff asks for summary judgment on this issue, claiming that there is no issue of material fact regarding Defendant's negligent misrepresentations. Plaintiff, again however, failed to show sufficient facts to establish the existence of an element essential to his case, and on which he bears the burden of proof at trial. As such, Summary Judgement may not be awarded in Plaintiff's favor.

     
    II. Defendant's Motion for Summary Judgment on Defendant's Motion for Declaratory Judgment 
    A. Breach of Contract

    Defendant's Motion for Summary Judgment makes the same arguments as its response to Plaintiff's Motion for Summary Judgment. Defendant argues that the contract is not ambiguous and therefore the court should not supply a different meaning. Defendant argues that the "expiration date" never changed and therefore the "specific terms added" by Defendant to fill in the date on the prewritten KESOP agreement did not trump the general language of the agreement as Plaintiff contends. The expiration date was constant, subject to change only if the employee was terminated. In the event of termination, the options did not expire, but were cancelled depending on the reason for termination. Because the agreement is not subject to "two different and reasonable interpretations" it should be interpreted as written. And as written, the Prospectus, *837 Fact Sheet, Vesting Schedule, and KESOP certificate are clear. Options expire no more than 10 years from date of grant, unless the employee is terminated. If the employee is terminated under the Rule of 75, the options will be cancelled on Jan. 3, 2003 as stated on the certificate, if the employee is terminated for "all other terminations" the employee has 90 days within which to exercise his options. Failure to exercise within that time frame results in cancellation of the options.

    The Court agrees with Defendant. Plaintiff provides no evidence sufficient to contradict the unambiguous contractual provisions, nor sufficient to rebut Defendant's arguments. While it may be unfortunate that Plaintiff did not exercise his options within the 90 days allowed under the KESOP, there are no issues of material fact in dispute and Defendant's Motion for Summary Judgment on the Breach of Contract issue must be granted.

     
    B. Negligent Misrepresentation

    As discussed above, Plaintiff's Motion for Summary Judgment on the Negligent Misrepresentation claim is unsupported. On Defendant's Motion, it will bear the burden. Defendant's argue that any reliance by Plaintiff was unreasonable. Plaintiff argues that Defendant's employees Fox, Hill and Abuan gave assurances to him that he was retired for purposes of the KESOP, that he relied on those statements when making the decision to accept retirement, and that such reliance damaged him in an amount equal to the value of his stock options.

    Defendant provided affidavits of Fox, Hill and Abuan that they did not provide Plaintiff with false or misleading information and that it is their routine practice to direct stock option related questions to the Stock Option Committee of the Board of Directors for information. Furthermore, Defendant argues that Fox, Hill and Abuan are not members of the Stock Option Committee, were not authorized to interpret or administer the KESOP, and that Plaintiff knew they were not authorized to interpret or administer the KESOP based on information contained in the Prospectus provided Plaintiff.

    Based on the evidence presented there is no question of material fact as to this issue. Therefore, summary judgment is appropriate.

     
    C. Breach of Fiduciary Duty

    Plaintiff complains that the language of the KESOP is ambiguous and that Defendant did not disclose his rights and obligations under the Agreement. As discussed above, the KESOP, Prospectus, Fact Sheet and Vesting Schedule are clear that for "all other terminations" an employee would have 90 days within which to exercise his or her stock options. The agreement is also clear that for purposes of the KESOP, retirement is determined based on the Rule of 75. Defendant argues that even if Plaintiff were not clear as to his retirement date, the Prospectus contained a provision directing employees who to contact for additional information. Therefore there was no breach of fiduciary duty. The Court agrees with Defendant that it did not breach any fiduciary duties and will grant Summary Judgment on that issue.

     
    D. Waiver

    Finally, Defendant argues that the Settlement Agreement signed by Plaintiff precludes him from prevailing in this lawsuit. Because the Court finds in favor of the Defendant on its Motion for Summary Judgment, there is no need to address the issue of waiver. Whether Plaintiff's claims have been waived is moot given that his claims have been summarily decided against him.

     
    *838 CONCLUSION

    While Plaintiff's situation is sympathetic, it does not rise to the level of creating a question of fact in light of the clear and unequivocal language of the KESOP, Settlement Agreement, Prospectus, Fact Sheet, and Vesting Schedule. The KESOP defined retired or retirement based upon the Rule of 75. Retirement benefits for certain employees selected for termination under the reduction in force are determined based on the Defendant's former policy, the Rule of 70. Clearly Plaintiff did not realize that he was not retired for purposes of the KESOP. However, clearly he had numerous opportunities to discover that information and was directed by Defendant to the appropriate authorities on the KESOP and its requirements. Defendant's did not breach any contract with Plaintiff, did not supply misinformation (intentionally or otherwise) to Plaintiff, and did not breach any fiduciary duties owed Plaintiff. Plaintiff was entitled to exercise his vested options within 90 days of termination from employment. He did not do so and lost the right to exercise those options in the future pursuant to the Agreements between the parties. As such, Plaintiff is not entitled to relief.

    For the foregoing reasons,

    IT IS ORDERED that Plaintiff's Motion for Summary Judgment is DENIED.

    IT IS FURTHER ORDERED that Defendant's Counterclaim for Declaratory Judgment is DENIED.

    IT IS FURTHER ORDERED that Defendant's Motion for Summary Judgment is GRANTED on the following issues: Breach of Contract, Breach of Fiduciary Duty, Negligent Misrepresentation. Defendant's Motion for Summary Judgment on the claim of Waiver or Estoppel is DENIED as moot.

    NOTES

    [1] While there is no written "Rule of 70" the parties agree that Plaintiff subject to the Rule of 70 for retirement benefit purposes.

    Источник: https://law.justia.com/cases/federal/district-courts/FSupp2/311/828/2314442/

    Experience better HR and payroll

    Answer a few questions, and we'll help you find the perfect HR and payroll solution.

    Managing and paying your people has never been tdb online bank src="https://www.adp.com/-/media/adp/redesign2018/images/shared/img-placeholder.ashx" alt="">
    Superior payroll and HR tech

    Everything you need in a modern, easy to use, all-in-one platform

    Trusted by more than 900,000 clients

    With unmatched global experience in HR, payroll and compliance

    Expert service and support

    From simple tools to full-service outsourcing

    Start Quote

    Latest news and events

    Awards and recognition

    Fortune World’s Most Admired Companies*

    15 consecutive years

    2018 American Business Awards Silver Stevie Winner

    Top HR Product Winner in Human Resource Executive

    6 consecutive years

    NelsonHall's NEAT Leader award for 5 consecutive years

    Leader in NelsonHall Payroll Services NEAT Report

    7 years

    Fortune's World's Most Admired Companies award for 12 consecutive years

    Gartner 2021 Customers' Choice for Cloud HCM Suites

    2021

    * From Fortune. ©2021 Fortune Media IP Limited. All rights reserved. Used under license.
    Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse the products or services of, ADP, Inc.

     

    Especially as we look at the future of work — and ask how do we do things differently — we turn to ADP to help us.

    Gerri Mason-Hall
    Sr. Vice President, Chief Human Resources Officer

    Источник: https://www.adp.com/

    Bank of America gives special pandemic bonus to 97% of its 1.7 lakh staff

    Mumbai: Bank of Americais rewarding its 1.7 lakh-plus staff worldwide, including over 24,000 in India, with a cash awardof USD 750 each to those earning under USD 100,000 in annual compensation for the appreciation of their work through the pandemic.

    Called 'delivering together' compensation awards, the bank expects over 97% of its employeesto get the special one-time cash bonus.

    In an internal memo sent to the employees worldwide, Bank of America chief executive Brian Moynihan said in appreciation for the outstanding efforts, the management team and board have decided to recognise employees with 'delivering together' compensation awards.

    During the first quarter of 2021, all eligible employees with USD 100,000 or less in annual total compensation will be paid a cash bonus of USD 750 each. Those in the US will receive this award in late February and those outside the US will receive the payment in March, Moynihan said.

    In addition, all eligible teammates with greater than USD 1 lakh to USD 5 lakh in annual total compensation will receive a grant of 150-750 restricted stock bank of america associate benefits, based on their compensation tier.

    This stock award from March will be delivered in equal payments over four years starting 2022.
    (Catch all the Business News, Breaking NewsEvents and Latest NewsUpdates on The Economic Times.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    ETPrime stories of the day

    Источник: https://economictimes.indiatimes.com/news/international/business/bank-of-america-gives-special-pandemic-bonus-to-97-of-its-1-7-lakh-staff/articleshow/80450014.cms

    Comments

    Leave a Reply

    Your email address will not be published. Required fields are marked *