Schwab Boosts Staff Pay by 5%, Delays Office Return to 2022
- Brokerage says pay raise will take effect in late September
- The changes will affect most of the firm’s 32,500 employees
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Charles Schwab Corp. said it will increase employee pay by 5% and push back its return-to-office plans to no sooner than January as the Covid-19 delta variant spreads across the U.S.
The pay raise, affecting most of Schwab’s 32,500 employees, will take effect in late September, the Westlake, Texas-based brokerage said Thursday in a statement.