Wesleyan has launched a new employee value proposition, under the banner of ‘Mutuality and Me’, designed to make sure all employees are rewarded, recognised and developed in the right way. The business kicked off the campaign by announcing it will be making a one-off £1,000 payment to employees to help ease the strain of the increased cost of living this winter.
All employees outside of the most senior roles will receive a payment of £1,000. Approximately 97% of its workforce will benefit from the payment.
Mutuality and Me has been designed with and for employees with an aim of ensuring Wesleyan remains a great place to work. Included within the launch were a number of new initiatives to support colleagues such as ‘culture days’, essentially an extra day’s annual leave for employees to take time marking a day significant to them. Other initiatives include refreshing flexible working policies, enhanced maternity and paternity policies and a renewed menopause support package.
Mario Mazzocchi, Group CEO of Wesleyan said: “Mutuality and Me is a culmination of months of work with our colleagues to collate and share what is special about working for Wesleyan. We are a proud mutual that wants to ensure we create brighter financial futures for customers and colleagues and hope this not only supports our current team, but those who will join us in the years ahead.
“We know the cost of living crisis is impacting our colleagues, customers and our wider communities and we’ve been looking at how we can make a difference on all of these fronts.
While this additional support payment for colleagues will not fully mitigate rising food and energy costs, we hope it will go some way to ease the strain. We’ve also expanded our existing resources for colleagues with a financial wellbeing hub, discounts across a range of services and retailers as well as plans to provide access to a financial coach.”