Fishers-based First Internet Bank is raising its minimum hourly wage for full-time employees to $20. The bank says the decision is in response to rising inflation trends.
“This is an important show of support for our teams’ standard of living in the face of rising transportation, housing and food costs,” said Nicole Lorch, president and chief operating officer. “To be an employer of choice, we must continue to prioritize our team members through competitive pay and benefits, career development programs, comfortable and safe working conditions and in our diversity, equity and inclusion efforts across the company.”
The bank says the decision also reflects its commitment to attracting and retaining talented employees.
The bank says it also recently introduced a flexible work model to further promote productivity, engagement and support work-life balance.