RICHMOND, Va., Feb. 2, 2023 /PRNewswire/ -- Blue Ridge Bank, the wholly-owned subsidiary of Blue Ridge Bankshares, Inc. (NYSEAM:BRBS), is pleased to announce the launch of its sabbatical leave program and an increase in its minimum hourly pay to $18.00 per hour.
"We believe in the power of disconnecting and prioritizing time away from work," said Brian K. Plum, Chief Executive Officer of Blue Ridge Bank. "The science around the benefits of disconnecting is irrefutable. Our new paid sabbatical leave program rewards longevity among team members and requires the use of earned time. Employees will be completely disconnected from work resources during sabbatical leave, allowing them to place their full energy, focus, and attention on the things they love."
Plum continued, "Our increase to $18.00 for minimum hourly pay is a continuation of our living wage commitment. We have an obligation to everyone on the team to ensure we provide compensation and benefits necessary to meet daily needs and plan for long-term goals. Our top two Core Values are Act with Integrity and Serve Others, and our commitment to providing a living wage is one way we honor those values as a company.
The new sabbatical leave program begins at the five-year service mark. Blue Ridge Bank employees earn three weeks of sabbatical leave, which is in addition to the normal paid leave time allotment. Three weeks of sabbatical leave are added for each additional five years of service, peaking at twelve weeks of sabbatical leave with twenty years of service. Employees with over twenty years of service maintain twelve weeks of sabbatical leave at each five-year increment.
About Blue Ridge Bank:
Blue Ridge Bank, N.A., is the wholly owned banking subsidiary of Blue Ridge Bankshares, Inc (NYSE American: BRBS). Blue Ridge Bank provides a wide range of financial services including retail and commercial banking, insurance, card payments, wholesale and retail mortgage lending, and government-guaranteed lending. Visit mybrb.bank to learn more. Blue Ridge Bank was named one of America's Best Small Banks by Newsweek. The Bank also received a 5-star rating from Bauer Financial, the nation's leading independent bank rating firm.
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SOURCE Blue Ridge Bank, N.A.