Another Hawaii company is shelling out $1,000 bonuses to employees

Updated: Jan. 2, 2018 at 11:27 AM HST
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HONOLULU (HawaiiNewsNow) - At this point, it might be easier to list the Hawaii companies that haven't given their workers $1,000 bonuses this holiday season.

Or at least, it feels that way.

And on Tuesday, another company was added to the mix: First Insurance Company of Hawaii said it will give 315 of its employees $1,000 bonuses.

That's all of the company's employees below the assistant vice president level.

Five Hawaii banks have already announced $1,000 cash bonuses for employees.

The banks — First Hawaiian Bank, Bank of Hawaii, American Savings Bank, Central Pacific Bank, and Territorial Savings Bank — also said they'd increase the minimum wage of employees to $15 an hour.

That's nearly $5 more than the minimum wage in the islands.

First Insurance Company of Hawaii, meanwhile, doesn't has plans to increase its minimum wage to $15.

The lowest wage the company pays is $12.55 an hour.

However, the company did say it would donate $600,000 to its charitable foundation.

A number of mainland companies have also announced bonuses in the wake of federal tax cuts.

Jeffrey Shonka, FICOH president and CEO, said the tax cuts provide us "with another opportunity to recognize our associates – as well as our community – for their continued support and partnership."

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