Grainger gives employees £1,000 as cost-of-living crisis bites

Grainger will give each member of its 330-strong workforce £1,000 in financial support as the UK’s cost-of-living crisis continues. The payments will be made to all employees of the FTSE 250 residential group outside of its executive committee across its offices in London, Newcastle, Birmingham and Salford. Grainger chief executive Helen Gordon (pictured) told EG: “One of our core values is people at the heart of the business. We wanted to make sure our people are feeling reassured that we understand the potential financial challenges they may be facing ahead of any energy pricing reviews.” With a new announcement on the energy price cap due tomorrow (26 August) and inflation now predicted by some analysts to hit 18% next year, companies are under growing pressure to help their staff. Yesterday, Ringley Group said it will issue a one-off £750 winter fuel payment to its 115 staff across offices in London, Manchester and Cardiff. Ringley managing director Mary-Anne Bowring said: “As providers of the basic human right to shelter, the property industry needs to be acutely aware of its social responsibilities to the public. This obligation must extend to and include consumers and employees. This is especially critical during times of insecurity, as finances become stretched, morale takes a hit and emotional wellbeing is under threat.” To send feedback, e-mail akanksha.soni@eg.co.uk or tweet @EGPropertyNews Photo courtesy of Camarco