Companies offer perks to offset cost of living crisis
A fifth of companies are giving staff extra benefits such as shopping vouchers, free parking and travel subsidies to help with the cost of living, according to a national survey of UK businesses, but most are still only offering below inflation pay increases.
According to a poll conducted for the Financial Times by the Chartered Management Institute of more than 1,000 managers at companies and public sector organisations, only one in 10 said they had offered a pay rise of more than 5 per cent to their staff this year. A similar number had offered no basic pay increase at all.
A third had offered wage increases of 3-5 per cent, with a similar number below that level.
This story originally appeared on: Financial Times - Author:Daniel Thomas
