LAKE SUCCESS, N.Y., February 7, 2018 – 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 (NYSE: BR) is a global technology leader with the trusted expertise and transformative technology to help clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.
Our technology and operations platforms process and generate over 7 billion communications per year and underpin the daily trading of more than $10 trillion of securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 14,000 associates in 21 countries.
For more information about us, please visit www.broadridge.com.