• Replies 85 replies
  • Subscribers 42 subscribers
  • Views 64687 views
  • Users 0 members are here
Options
Related

Mid-year 'cost of living' payment

Sophie

Hi everyone, 

I was wondering what others thoughts were on paying a one off payment mid-year to help with the rise in the cost of living.

Also if and what other companies were doing to help with the rise of cost of living.

Thanks

Parents
  • We’ve just made the decision to pay a one-off cost of living payment to all our employees and it’s been very well received. Something that has come up for us and might for you as well, is that we’ve had quite a few staff received Universal Credit or working tax credits who have had to opt out of receiving the payment as it would actually put them at a financial detriment. So first you may want to consider making that an option, and secondly we are now exploring alternatives that we could offer, e.g. a voucher of commensurate value.

    We’re also looking into running some repeats of financial well-being sessions that we’ve run before, The Money Charity is really good.
Reply
  • We’ve just made the decision to pay a one-off cost of living payment to all our employees and it’s been very well received. Something that has come up for us and might for you as well, is that we’ve had quite a few staff received Universal Credit or working tax credits who have had to opt out of receiving the payment as it would actually put them at a financial detriment. So first you may want to consider making that an option, and secondly we are now exploring alternatives that we could offer, e.g. a voucher of commensurate value.

    We’re also looking into running some repeats of financial well-being sessions that we’ve run before, The Money Charity is really good.
Children
No Data