MRL announces a 10% pay rise for every single employee06 Apr, 20235 minutes
The decision, according to Stone, came as a response to the huge spike in cost of living bei...
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 recorded 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 have 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.”