This move was announced last week and shows a growing trend across the insurance sector, with lower paid employees being given some help with the inflationary prices everyone faces at the pumps, in the shops and online. Aviva has already announced a similar scheme and Beazley has announced a 3K boost for staff earning less than 50K. Several banks and building societies are doing much the same with payments typically being about £1000.
Here’s the news from Wesleyan;
Wesleyan has launched a new employee value proposition, under the banner of ‘Mutuality and Me’, designed to make sure all employees are rewarded, recognised and developed in the right way. The business kicked off the campaign by announcing it will be making a one-off £1,000 payment to employees to help ease the strain of the increased cost of living this winter.
All employees outside of the most senior roles will receive a payment of £1,000. Approximately 97% of its workforce will benefit from the payment.
Mutuality and Me has been designed with and for employees with an aim of ensuring Wesleyan remains a great place to work. Included within the launch were a number of new initiatives to support colleagues such as ‘culture days’, essentially an extra day’s annual leave for employees to take time marking a day significant to them. Other initiatives include refreshing flexible working policies, enhanced maternity and paternity policies and a renewed menopause support package.
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