International tech recruitment firm MRL Consulting group has increased every employee’s salary by an inflation-busting 10% regardless of the length of service, role, or seniority.
The decision, according to the company, which operates business in Europe, the Middle East, Africa, the Asia Pacific, and the Americas, was made in response to the huge rise in living expenses that is being felt throughout most of Europe. The company raises employee pay every year to keep up with inflation, but this year they felt they had to do more. MRL has not raised prices to pay for this, it will be funded by increased productivity & efficiencies.
This isn’t the first time MRL has prioritised its employees’ well-being. MRL made headlines around the world when it became the first international recruitment firm to implement a four-day workweek in May 2019. A move that resulted in more than four-fifths (87%) of its employees reporting a marked improvement in their mental health and reduction in workplace stress, with a further 95% saying they feel more rested after the three-day weekend.
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 to focus 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.
If you own a business, then invest in your people. For example, all of our consultants get monthly training from a world-class recruitment expert. In addition, our support staff has access to thousands of training programs, from management to marketing programs. The more they learn, the better they become at their jobs, and the more they can earn; make sure you give them all the tools they need to succeed.”
According to the Office for National Statistics (ONS), the Consumer Price Index (CPI) rose by 6.2% in the 12 months to February 2022. 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.