Cartwright has given all employees an extra £2,000 each to help them with the cost of living.
The UK pension firm for defined benefit and hybrid schemes, which employs 101 people across offices in Godalming, Chelmsford, and Farnborough, awarded the one-off sum on top of staff salaries, profit shares and any performance-related bonuses.
According to the company, the extra financial support builds on the approach to the economic situation it developed last summer, when it awarded £1,000 to all staff to help with the financial effect of the crisis. Its latest move follows data from the Office for National Statistics (ONS) which showed that food inflation was 18.4% in May 2023.
Ian Cartwright, founder and chairman of Cartwright Group, said: “I think everyone hoped the significant pressure on individuals and families due to the crisis would have eased since last year. However, cost-of-living pressures during the first half of 2023 led us to take yet more action to help support our staff.”
Explaining that the business “places huge importance on creating a culture where people can thrive and prosper, personally, professionally and financially”, the company highlighted the wide range of employee benefits on offer at the firm. These include equity participation and profit sharing, annual away days (such as overnight stays, team building activities), annual bonuses, a health and wellness programme, flexible working, long service awards and gifts.
Robin Pearce, operations director at Cartwright Group, added: “It’s our people that make our business a success and these are challenging times for all of us. We are deeply proud of their commitment and the supportive culture we have all fostered here at Cartwright. Therefore, it’s vital we continue to support our colleagues if and where we can.”