Central Co-op has launched a new employee benefit to support its employees with their financial wellbeing and cost-of-living pressures.
Through a partnership with AI-powered money-saving tool Nous, Central Co-op employees can access an automated tool that keeps track of household providers and services, so they never miss a contract renewal deadline and save both time and money.
The tool aims to help individuals save money on everyday expenses, including energy, broadband, mobile and mortgages, while reducing the stress and time spent managing finances.
Nous tracks contract end dates, so when one is about to end, it will provide a like-for-like alternative to save Central Co-op employees money. It can operate in manual mode, where employees complete the switch themselves, or automatic mode, where Nous takes care of the process.
Staff will also be able to use its salary calculator to find out what pay rise they would need in order to keep up with rising prices and maintain their current standard of living.
To introduce this, Central Co-op will host an online information session for employees to learn more about how Nous can support them in managing household expenses.
This new benefit is part of the employer’s ongoing commitment to supporting employee wellbeing by providing valuable tools to help them manage their finances effectively, while also aligning with its values of fairness and community support.
Jennifer Roberts, head of reward and wellbeing at Central Co-op, said: “We know that managing household expenses can be time-consuming and stressful. That’s why we’re excited to partner with Nous to offer a smart and simple solution that will help employees save money and reduce hassle. Nous aligns perfectly with our commitment to supporting our employees’ financial wellbeing.”
