Listers is to give all employees a cost of living allowance, its representative has announced. The allowance will consist of £1,000 over the next 12 months, to help staff cope with inflation and spiralling energy costs.
The manufacturer has also committed to paying the Real Living Wage as a minimum to new employees in its factory and offices. At £9.90 per hour outside London, the Real Living Wage is 40p per hour more than the legal requirement. Listers introduced these measures in a bid to tackle the twin problems of inflation and employee retention, they say. This decision is expected to cost Listers more than £400,000, which is the single biggest investment since new owners bought the business in 2017.
Roy Frost, managing director, said: “We simply do not want to see anyone in our company in financial hardship. Therefore, from the end of June, every employee in our group will receive a cost of living allowance of £1,000 over the next 12 months, on top of the guaranteed minimum of £9.90 per hour.”
In a letter to employees outlining the new payment structure, Roy said: “We proudly pay the Real Living Wage as a minimum to new employees on our shop floor and offices. We work hard to train and upskill you so you can rise through the pay scales gathering more skills and experience along the way and we have plans to do more of this in the future.”