Elliotts Builders Merchant has announced it will be giving its 330 employees a salary increase of £2,000 per annum to ensure no one in the business will earn less than the ‘real living wage’, set by the Living Wage Foundation.
An initiative which will see the company’s annual wage overhead increase by over £700k, the real living wage surpasses the government’s national living wage and is calculated based on cost of living in the UK.
Tom Elliott, CEO of Elliotts, said: “I strongly believe that it is important to reward our staff for their hard work and dedication, and to ensure they are able to support themselves and their families with a fair and adequate standard of living.
“Achieving a minimum pay grade that mirrors the real living wage is a conscious and voluntary decision, which strategically bolsters the many staff benefits we have implemented that help us in attracting and retaining the best talent, enable us to foster a culture of respect and loyalty, and ultimately, assist us in achieving our long-term goals of delivering the best products and service to help our customers build with ease.
“We don’t focus just on the here and now at Elliotts, we focus on the long term and in doing what’s right for our staff. I’m more than delighted that we have once again been able to reward our entire team substantially, and in a way that I’m sure will make a real difference to them.”
