Chase is offering one bonus letter a month for the next four years, the company announced Wednesday.
The bonuses will begin on April 1, 2018, the same day as the National Labor Relations Board’s (NLRB) ruling on the controversial practice of “strikebreaking,” in which employees attempt to break a contract.
The practice has become a popular recruiting tool for companies looking to boost recruitment and retention in an industry that traditionally relies on part-time and seasonal workers.
The bank said that employees who take part in the bonus program will also receive an annual letter from the bank.
The letters are valid for two years, but Chase said they will be mailed to those who sign up by March 31.
The bonus program is the latest sign of the bank’s commitment to recruiting, boosting and retaining its employees, which it announced last month.
It said it is doubling its annual recruiting efforts in 2019.
“As we have always strived to be an employer that values diversity, inclusion and respect, we believe it is in our best interest to increase our efforts to support those we believe will contribute the most to our company and our employees,” said Paul J. Browne, senior vice president for finance and business operations at Chase.
Chase said that it will also work to make its employees feel more comfortable in the workplace, which is a top priority.
“We are committed to continuing to be a place that is welcoming and respectful of our colleagues, and we are committed with our staff to provide them with the tools and support they need to succeed,” it said in a statement.
“We will continue to work to bring this to your door as a priority, so that you can have a better time at work.”
