MRL Consulting Group CEO David Stone announces a 10% pay rise for every single employee.
by Jordan Lorence
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Brighton, Wednesday 6th April 2022. David Stone set LinkedIn alight on Monday 4th April after announcing a 10% pay rise for every member of staff. As of the 1st of April 2022, every single employee at MRL Consulting Group, regardless of length of service, role or seniority received an immediate 10% increase on their salary.
The decision, according to Stone, came as a response to the huge spike in cost of living being experiencing across most of Europe. Every year, Stone adjusts his employees’ salaries to the rate of inflation, but this year he felt he had to go above and beyond. MRL has not raised prices to pay for this, it will be funded by increased productivity & efficiencies.
In the 12 months to February 2022, the Consumer Price Index (CPI) rose by 6.2% according to the Office for National Statistics. This is the highest CPI 12-month inflation rate in the National Statistics series which began in 1997, and the highest rate since march 1992.
This is the second time this year that MRL have set the news agenda. When David Stone Implemented the 4-day week, it garnered the attention of journalists and made headlines across the globe.
David Stone, CEO and founder of MRL Consulting Group commented: “Business owners need to step up and look after their employees. Fresh fruit and a company jolly once a month just won’t cut it. The great resignation taught us how important it is to value your employees and give back to them. I need my people focussing on delivering world class recruitment services, not worrying about the cost of fuel, food & utilities”.
Stone continues: “We’ve been around for almost 25 years, and a number of our employees have been here since the beginning. I hove always looked after my people and in return they look after me, but it always starts with me. I believe we’ve survived this long because we always try and stay ahead of the curve, and support our clients and candidates as much as we do our own people.”