Businesses failing to consider cost of living payments

Only 1% of businesses have offered their employees a one-off cost of living payment despite inflation running rampant and a boost in the Bank of England base rate squeezing finances.

by | 11 Aug, 2022

According to figures released by the Office for National Statistics (ONS) 5.5% of companies employing more than 250 staff had offered some kind of renumeration to help staff through the coming economic tempest that could see energy bills push to £4,200 a year in some of the most severe cases.

However, smaller companies under the 250 employee minimum found it harder to free up cash, hence the 1.1% figure.

Read more at Yahoo Finance

 

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