Nationwide Building Society offers £1,200 cost of living bonus to thousands of workers | Personal Finance | Finance
The payment, which is limited to those earning less than £35,000, will be given to around 61 percent of its workers. Nationwide is paying out the bonus by the end of the year, with the first £600 payment arriving in October and the second in December.
The building society has around 18,000 staff in the UK.
Debbie Crosbie, CEO at Nationwide Building Society, said: “The months ahead will be worrying for many people and we’re always considering new ways to help our members.
“Rising prices affect our colleagues too and that’s why we’re providing this additional support.”
Nationwide is offering the extra support after it had an annual pay review earlier this year, which gave all of its staff a four percent pay rise.
Outside of the annual pay review, the Building Society stated that it also raised the base salaries of 4,000 of its lowest-paid colleagues in response to the rising cost of living.
More to follow…
