Fintech Provider Quavo, Inc. Announces Minimum Livable Wage Policy for Employees
Michimich.com/10097557

EAST LANSING, Mich., Jan. 12, 2021 /PRNewswire/ -- Last week, financial technology provider Quavo, Inc. stated that it is instituting a minimum livable wage for all full-time employees. This announcement comes as part of Quavo's commitment to assuring that no employee will or shall earn an annual salary more than six times that of any other employee. By decreasing their executive pay ratio, Quavo will be setting an example in an industry where the average CEO pay gap is around 70-to-1.

Co-founders Joe McLean, Dan Penne, Dave Chmielewski, and Rich Jefferson intend for the minimum livable wage policy to mark the cornerstone of Quavo's continued commitment to leading a more socially ethical company that supports and ensures security for all employees.

"Our people are our most valuable asset, and we want to do all we can to provide security to those who support Quavo every day," Quavo's four co-founders stated in a company-wide email. "Quavo believes that a company is only worth as much as its people. We will continue these commitments not simply with words, but through action."

More on Michimich.com

• Fighting Pest Problems with The Safest Pest Control Dubai Residents Can Get
• Best Advertising Methods To Attract People To Your Events Post COVID-19 by Duluth Businessman Ismail Sirdah
• Thirteen MBK Senior Living Communities Receive "2021 Best of Senior Living" Distinction
• Grassroots Advocacy Group Urges Biden Administration to Appoint a Doctoral Level Mental Health Professional to Lead SAMHSA
• Michigan: Virtual public meeting Jan. 27 for M-3 (Gratiot Avenue) project in Macomb County

Quavo prides itself on providing a place where the best financial and tech minds can work together to drive client success and provide groundbreaking dispute management software and solutions. The key to Quavo's values is that every employee earns a livable wage, which is only possible by eliminating immoderate executive salaries.

"Today, we're seeing executives take up to 400x the total compensation of the lowest-paid employee, and we know it's unethical," said COO and co-founder Joe McLean. "Quavo is taking a stand and doing what is right – something that the whole workplace market should be doing."

This new initiative will help drive Quavo's talent acquisition efforts for its Dispute Resolution Experts™ processing center in Phoenix, AZ, the company's fastest-growing area. Quavo's $50,000/year minimum livable wage policy for full-time, W-2 employees went into effect on Sunday, January 10, 2021.

Quavo is an industry-leading provider of automated dispute management solutions for financial institutions, offering full, end-to-end automation software for financial disputes, including complete Reg E and Reg Z compliance. Quavo's premier software solutions are QFD™ (Quavo Fraud & Disputes) and ARIA™ (Automated Reasonable Investigation Agent). QFD automates fraud and disputes processing workflows, from intake to case resolution. ARIA uses AI to conduct the investigation process and determine outcomes for true fraud versus friendly fraud claims. Visit Quavo.com for more information.

More on Michimich.com

• Michigan: AG Nessel's Office Files Response with SCOTUS in Last-Standing Lawsuit That Seeks to Overturn Election Results
• Michigan: Administration, Fiscal Agencies Reach Consensus on Revenue Estimates
• Michigan: Deer Private Land Assistance Network grant application period open
• Michigan: Grand Traverse County Court Sentences Former Jail Administrator to Prison for Misconduct in Office, Other Charges
• Michigan: AG Nessel, Department of Civil Rights File Appeals to Protect Residents from Sexual Orientation Discrimination

Contact: Jennifer Marshall
Marketing Manager
[email protected]

SOURCE Quavo, Inc.

Related Links

https://www.quavo.com

---

Show All News | Report Violation