Employee benefits provider You at Work has awarded its staff a £500 bonus, to be paid in November, in response to rising inflation and the cost-of-living crisis.
The bonus will be given to all staff except for the four senior management team members.
The provider made this announcement at its recent financial year-end review, where it also presented updates to its current range of benefits on offer to staff.
These will include formalising its policy around asking for flexible working hours in the form of earlier starts, four-day weeks or nine-day fortnights, confirming additional days of holiday between Christmas and New Year, and reaffirming its private medical insurance (PMI), life assurance, dental and employee assistance programme (EAP).
You at Work currently offers staff 25 days of holiday with the ability to buy or sell five extra days, a salary sacrifice pension where employer national insurance (NI) savings are paid as contributions, and access to wellbeing and lifestyle benefits and discounted products and services through its benefits portal.
The provider has also been running a cost-of-living crisis campaign over the last few months, called #makeyourpaygofurther, which details how employees could save up to £700 a year by using the e-gift card discounts on its portal, combined with a supermarket rewards scheme.
Alicia Aldis, operations director at You at Work, said: “It’s very important to us that we support our employees as much as possible to help beat inflationary pressure and to have a work-life balance, which in turn supports their wellbeing. As a business who is doing well, and who specialises in reward and benefits, it’s vital that we practice what we preach. We continually review what’s on offer to staff and remind them of their core benefits, and look to help them in whichever way we can.”