Mid-year 'cost of living' payment

This was discussed yesterday as one of our funders have asked if they can help both our beneficiaries and our staff. This will mean we can provide more subsidised places for our beneficiaries and 2 payments to our staff - one in October, one in December; potentially £500 in total (obviously subject to tax/NI). In April we gave a 4% pay rise to all our staff so hopefully if approved this will be a welcome "bonus".

The CIPD’s summer 2022 Labour Market Outlook finds that 15% of organisations have paid, or plan to pay, such a payment to some or all their workers, while a further 15% are actively considering it. Private sector firms are most likely to have paid this bonus (18%) - especially those in the primary and utilities (30%), financial service (26%), and construction (25%) sectors. In the voluntary sector, 11% of charities have paid, or plan to pay, this to some or all their workers, while a further 19% are actively considering it.

The CIPD’s summer 2022 Labour Market Outlook finds that 15% of organisations have paid, or plan to pay, such a payment to some or all their workers, while a further 15% are actively considering it. Private sector firms are most likely to have paid this bonus (18%) - especially those in the primary and utilities (30%), financial service (26%), and construction (25%) sectors. In the voluntary sector, 11% of charities have paid, or plan to pay, this to some or all their workers, while a further 19% are actively considering it.

We are looking at longer term measures for our staff to help them with household bills and I would love to see these as a salary sacrifice (similar to the 'home technology' schemes years ago), so helping people update their homes with things like solar panels which will help them with household bills long into the future.

Similarly to help people with travel costs we wanted people to move towards electric cars, one of the obstacles we needed to overcome was the cost of installing car charging points at their home, we implemented a scheme to give them £500 towards it and the ability to split the rest of the cost over a number of months to help finance it.

Yes, Liane. Anything that helps staff to insulate their homes would be a great employee benefit. Perhaps, the government will discover the advantages of allowing salary sacrifice on energy efficient products.

I think it would be really successful if it worked like the home technology or bike to work scheme.