EVANSVILLE, Ind.--(BUSINESS WIRE)--OneMain Financial, America’s premier consumer finance company offering responsible personal loan products, announced today plans to increase its base salary for all hourly associates to a minimum of $14 per hour. In addition, all eligible team members will receive a one-time cash bonus of up to $600 as recognition of their contribution to the company’s accomplishments in 2017.
“2017 was a very good year for OneMain,” said Jay Levine, President and CEO, OneMain Financial. “Our team members are the foundation of our business and play an integral role in our success. We appreciate how hard they work each day to deliver superior customer experiences and are thrilled that we are able to further invest in them.”
OneMain has over 10,000 team members working at branches across 44 states. An internal memo was sent out to all associates notifying them of the salary increase and thanking them for their continued efforts. In addition to a successful and profitable year, with OneMain delivering on key goals and objectives, the company credits the new government tax relief plan with its ability to provide the wage increase and continue investing in its future.
“Throughout our over 1,600 branches across the nation, our team members work, live, and make a positive impact on the communities we serve. We’re honored to be able to show our appreciation of their hard work through these well-deserved raises and bonuses,” said Angela Celestin, executive vice president, human resources, OneMain Financial. “We hope it will inspire everyone to continue their excellent efforts in 2018.”
About OneMain Financial
OneMain Financial (NYSE: OMF) is America’s premier consumer finance company, offering responsible and transparent personal loan products for over 100 years. The company provides personalized, best-in-class service at their 1,600+ branches, as well as through their internet lending division, iLoan, which gives customers the ability to complete the loan process entirely online. OneMain has more than 10,000 team members, located throughout 44 states, who are dedicated to serving and supporting the communities where they live and work. For additional information, please visit OneMainFinancial.com.