PAM Group has improved its employee benefits package as part of its recruitment and retention strategy.
The occupational health and wellbeing firm, which has 700 employees across the UK, this month (May) introduced a new company-funded group income protection scheme which entitles workers on sick leave for longer than 13 weeks to 60% of their annual salary.
The Warrington, UK-based business is now also offering a birthday gift of £250 every year for staff with seven or more years of service and the option to buy or sell a maximum of five days’ holiday, up from two days, for full-time workers.
In terms of pay, those previously receiving the national living wage will be paid the real living wage, while other staff members will be awarded a 4.25% pay increase.
PAM is also launching a benefits and rewards programme in partnership with Perkbox on 1 June, as well as awarding more individual bonuses in recognition of great work and rolling out the Raiys wellbeing and lifestyle improvement app for all employees and their families.
Founder and chief executive James Murphy said: “We are mindful that colleagues across the group are being impacted by rising inflation and energy costs. It is therefore the right time to be making a significant investment to improve the salaries, benefits and rewards for our staff.”
Alongside introducing the new perks, the company has begun a recruitment drive as it seeks to hire 100 new staff members to help meet growing demand for its services and to enable it to expand.
Murphy added: “Our team is pivotal to the ongoing success of the business, and we want to encourage and reward people for their efforts in ensuring we continue to deliver great service to our clients. The enhanced package will also be important in helping us to attract the right people as we expand our team significantly over the coming months.”
He added: “While the new package of measures will add well over £1m to our overheads, we don’t see it as a cost – it’s an investment in our people and will enable the business to grow further.”