Cash and carry business Parfetts has awarded its employees with a bonus of up to £500, to reflect the rising cost of living and recognise their hard work.
The business, which employs 850 workers, has seen sales exceed £600 million this year, and had a more than 5% profit increase on the last financial year for the first time. As part of its recognition of its employees’ hard work, Parfetts has implemented a company-wide sales bonus of up to 2% of salary. While new starters were not eligible, 813 workers qualified for the bonus, which will be awarded to staff earlier than usual this year and paid tax-free.
Teams in the best performing depots of Aintree and Middlesbrough received a 4% bonus, with these two depots seeing sales growth of 21% and 18% respectively.
Guy Swindell, joint managing director of Parfetts, explained that employees are at the heart of everything the business does, and that their hard work and dedication drive its continued success.
Swindell added: “We wanted to look at how we can support people with the current cost-of-living crisis and took the decision to pay an additional bonus this year. Over the past 12 months, we’ve focused on providing a high level of service, product range and price to our customers. With the continued expansion of our delivered operation and the recruitment of new customers to the Go Local fascia estate, we have achieved a record sales figure.
“Parfetts has continued to grow despite significant sales periods overlapping last year’s lockdowns and the aftershocks of the Covid-19 (Coronavirus) pandemic. Looking forward, there are significant opportunities for growth as we continue to evolve our offer to support our customers. Our retailers continue to tell us they appreciate the personal approach with great availability and value. It’s an approach that supported record growth in turnover and the number of retailers in our Go Local fascia.”