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Press Release
GTE Financial Increases Minimum Wage to $16 an Hour
GTE Financial recently increased its starting wage to $16 an hour effective February 11. According to the Florida Department of Economic Opportunity, the current minimum wage in the state rose from $8.25 to $8.46 per hour as of January 1st. The cooperative has been offering a $15 minimum wage for over four years.
“With unemployment at historical lows in Tampa Bay, it is becoming more competitive than ever to secure top talent. Further increasing our starting salary allows GTE to be a leader in the career marketplace to attract and retain top talent – and more importantly ensure a competitive living wage for our employees,” said Jasiel Legon, SVP, and Chief Talent Officer at GTE Financial. “In 2015, we became a pioneer and leader in the country to increase the minimum entry wage to $15. We are proud to continue to raise the bar in salary and total rewards.”
As a leader among the local credit unions, this member-focused organization strives to align with the needs of the community. Nationally, the conversation of improving the minimum wage is a topic at the forefront of working-class America as the cost of living increases steadily. GTE Financial is ensuring that improving wages will also enhance the employee experience and prove to be beneficial for both the employee and company.
The financial institution strives to be the preferred employer of choice in the Tampa Bay area and is committed to attracting, retaining, and rewarding its employees with comprehensive programs such as Total Rewards. The quality of service provided by the credit union is a direct result of the engagement, knowledge, skills, abilities, and the contributions (resulting performance) of our employees.
GTE Financial is currently hiring for various roles in their headquarters and multiple locations throughout the Tampa Bay area. To learn more about employment opportunities, please visit www.gtefinancial.org/careers.
About GTE Financial:
GTE Financial is a not-for-profit financial cooperative with more than $2 billion in assets and 24 Community Financial Centers located throughout West Central Florida. Chartered in 1935, GTE Financial is locally owned and operated in the Tampa Bay area, serving more than 240,000 individuals and businesses. More information on GTE Financial can be found at www.gtefinancial.org.
