Aquesta Bank Gives Out $1K Bonuses, Hikes Minimu
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Posted On: 01/09/2018 7:42:45 AM
Aquesta Bank Gives Out $1K Bonuses,
Hikes Minimum Wage After New Tax Cuts
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Many companies are offering bonuses, pay raises and other benefits to employees following the passing of the Republican tax overhaul.
One of those companies is North Carolina-based Aquesta Bank, which is giving a $1,000 cash bonus to all employees and increasing the minimum wage to $15 per hour.
Speaking from Charleston, S.C., Aquesta CEO Jim Engel explained on "Fox & Friends" that the tax bill is great for their shareholders and customers, so they wanted to ensure it is also great for everyone at the company.
"We would not have grown from basically a concept 11 years ago to $400 million today without just great employees. Because of that, when the tax reform act was passed, we wanted to share those benefits with our employees," Engel told Steve Doocy.
Hikes Minimum Wage After New Tax Cuts
< >
Many companies are offering bonuses, pay raises and other benefits to employees following the passing of the Republican tax overhaul.
One of those companies is North Carolina-based Aquesta Bank, which is giving a $1,000 cash bonus to all employees and increasing the minimum wage to $15 per hour.
Speaking from Charleston, S.C., Aquesta CEO Jim Engel explained on "Fox & Friends" that the tax bill is great for their shareholders and customers, so they wanted to ensure it is also great for everyone at the company.
"We would not have grown from basically a concept 11 years ago to $400 million today without just great employees. Because of that, when the tax reform act was passed, we wanted to share those benefits with our employees," Engel told Steve Doocy.
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