INDIANA, Pa., December 22, 2021 / PRNewswire / – S&T Bank announced today that it is increasing its base wage rate. will raise $ 15 per hour for all positions, effective January 2022to continue its longstanding commitment to human resource development and opportunity creation in the communities in which it operates.
“I am very proud and grateful for the efforts of our team members who are our most valuable resource,” said Chris McComish, Managing Director. “This adaptation is just one way of investing in our people.”
Since the increase in the base rate will result in a certain reduction in wages, S&T has taken additional steps and will continue to take measures to recognize and reward permanent employees who continue to serve our customers and support the bank’s strategic initiatives. A total of 501 employees or around 43% of the S&T workforce will receive an adjustment.
S&T prides itself on not only offering its employees jobs, but also careers. The base rate increases along with our comprehensive total compensation, which includes employee benefit plans, 401 (k) contribution, workplace flexibility, paid time off, paid time for community engagement, education and training opportunities, and tuition reimbursement programs, S&T writes in. from the market, which enables the bank to attract and retain top talent.
You can find more information about S&T Bank at stbank.com.
About S&T Bancorp, Inc. and S&T Bank
S&T Bancorp, Inc. is a $ 9.4 billion Bank holding based in Indiana, Pennsylvania and is traded on the NASDAQ Global Select Market under the symbol STBA. Its main subsidiary, S&T Bank, was founded in 1902 and operates in five markets, including Western Pennsylvania, Eastern Pennsylvania, Northeast Ohio, Central Ohio, and Upstate New York. For more information, visit stbancorp.com or stbank.com. follow us on Facebook, Instagram, and LinkedIn.
SOURCE S&T Bancorp, Inc.