LAKE SUCCESS, N.Y.,
Feb. 7, 2018 /PRNewswire/
-- Broadridge Financial Solutions, Inc. (NYSE:BR), the
$4 billion global fintech leader and
employer of choice, today announced several enhancements to
employee pay and benefits. These changes include an increase in
minimum wage, an increase to non-management associate FY18 bonuses,
greater work-life balance initiatives and higher charitable giving
match. Strong company growth coupled with recent tax law changes
inspired senior leadership to implement these enhancements.
"As a FORTUNE Most Admired Company in the financial data
services category, Broadridge succeeds by maintaining a culture
that recognizes every individual's contributions," said
Rich Daly, chief executive officer
of Broadridge. "We are committed to the idea that engaged
associates create great client service and are further investing in
our associates to make us an even better employer of choice."
Specifically, Broadridge is implementing the following
enhancements:
- The minimum hourly wage will increase this year to $15 per hour
- This year's World Class Service Bonus will be $1,750 at target for hourly non-management
associates, who make up more than half our workforce
- A package of enhanced benefits, including expanding Parental
Leave benefits; raising the company charitable giving annual match
to $3,000; and increasing vacation
days for associates who have worked at Broadridge for fewer than
five years
Broadridge compensates every associate based on client
satisfaction irrespective of financial results, and these changes
will increase that bonus this year by 40% for non-management
associates.
"We are proud to note that our annual independent survey of
associates has increased this year to record levels of associate
engagement," said Julie Taylor,
Broadridge's chief human resources officer. "We recognize that our
associates are at the core of everything we do and that high
associate engagement is a strategic imperative at Broadridge."
Broadridge is committed to the business philosophy of the
Service-Profit Chain where highly engaged associates deliver
superior service to clients, thereby building client loyalty and
retention, and leading to greater growth and returns for
shareholders.
About Broadridge
Broadridge Financial Solutions, Inc. (NYSE:BR), the $4 billion global fintech leader, provides
investor communications and technology-driven solutions for
broker-dealers, banks, mutual funds and corporate issuers globally.
Broadridge's investor communications, securities processing and
managed services solutions help clients reduce their capital
investments in operations infrastructure, allowing them to increase
their focus on core business activities. With over 50 years
of experience, Broadridge's infrastructure underpins proxy voting
services for over 50 percent of public companies and mutual funds
globally, and processes more than $5
trillion in fixed income and equity trades per day.
Broadridge employs approximately 10,000 full-time associates in 16
countries. For more information about Broadridge, please visit
www.broadridge.com.
Media Contacts:
Matthew Luongo
Prosek Partners
+1 646-396-0966
mluongo@prosek.com
Linda
Namias
Broadridge Financial Solutions
+1
631-254-7711
linda.namias@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.