Nationwide offers 11,000 workers £1,200 bonus to help with bills | business news

Nationwide will offer 11,000 employees a one-time bonus to help workers deal with more expensive bills.

The building society said on Monday it would pay them a bonus of £1,200 each as inflation approaches 10% and household bills get closer to £5,000.

It follows companies like Barratt, Taylor Wimpey, Lloyds, Rolls-Royce and HSBC, which have made similar payments to help ease the cost of living crisis many are facing.

The money will be paid in two installments of £600 – one in October and one in December.

Employees earning more than £35,000 are not eligible for the payment.

Nationwide estimates that 61% of its employees will be eligible.

“The coming months will be worrying for many people, and we’re always thinking of new ways to help our members,” said Debbie Crosbie, Nationwide’s chief executive officer.

“But rising prices are also affecting our colleagues and that’s why we’re offering this extra support.”

According to new figures from the Office for National Statistics’ Business Insights report, more than 1 in 20 large companies are offering cost-of-living bonuses to workers.

The support is also seen as an attempt by companies to attract and retain talent in a highly competitive corporate job market – and to stave off worker rebellions such as those seen recently at Amazon.

Aldi is the UK’s fifth largest supermarket chain by market share

On Monday afternoon, Aldi said it would be offering warehouse workers their second pay rise this year, offering a 6% increase from next month.

The move is expected to affect around 4,200 employees at the company’s operations.

The supermarket giant said wages for most warehouse workers would be raised from the current £11.95 to a minimum of £12.66 an hour.

It follows a similar pay rise from £11.48 to £11.95 in January.

Meanwhile, London-based workers are being paid a minimum of £13.05 an hour, the grocer said.

Aldi has twice increased salaries for store employees this year.

“This announcement recognizes the amazing contribution our logistics colleagues are making to serve communities across the country,” said Giles Hurley, CEO of Aldi UK and Ireland.

Nationwide offers 11,000 workers £1,200 bonus to help with bills | business news

Source link Nationwide offers 11,000 workers £1,200 bonus to help with bills | business news

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