• Home
  • News
  • Entertainment
  • LAD Originals

U OK M8?
Free To Be
Extinct
Citizen Reef

To make sure you never miss out on your favourite NEW stories, we're happy to send you some reminders

Click 'OK' then 'Allow' to enable notifications

Not now
OK
Advert

Generous Boss Gives Staff Pay Rise And Four Day Week To Offset National Insurance Increase

Published 
| Last updated 

Generous Boss Gives Staff Pay Rise And Four Day Week To Offset National Insurance Increase

A generous boss has given all of his staff a pay increase following the recent announcement of a National Insurance hike.

Cotswolds-based digital-marketing firm 71a will be increasing the wages of all its staff to help them cope financially as National Insurance contributions increase by 1.25 percent for both employers and employees in April.

The company is also set to trial a four-day working week.

Speaking to Gloucestershire Live, the 34-year-old CEO and founder Edward Newman said: "I understand why National Insurance contributions need to go up this year, but I didn't want to see my team under financial pressure.

Advert

"This increase, coupled with the massive hike in energy and food bills, is enough to force them to think about what they need to cut back on - I don't want them worrying."

Credit: Pixabay
Credit: Pixabay

He continued: "For some employees, the difference is an additional £42 month, which for those with single income families is a full tank of petrol.

"We've all been through so much in the past couple of years; the least I could do is remove this stress."

Advert

Newman has also encouraged other businesses to follow 71a in increasing pay and reducing hours.

He said: "If they can afford to, I believe every business owner should follow suit. Companies will take a double hit because of the increase in employers' National Insurance contributions as well."

Amy Harker, a marketing assistant at 71a, added: "The cost of living is spiralling out of control.

"Everything is creeping up in price - petrol, food, clothes, energy - the list goes on."

Advert

This comes as a six-month pilot scheme was announced in the UK with the aim of getting 30 business to trial a four-day working week.

The pilot programme is being performed by 4 Day Week Global along with think tank Autonomy, the 4 Day Week UK campaign and researchers from Cambridge University, Oxford University, and Boston College.

Participating businesses and companies will receive support from those organising it that includes access to experts and pioneers within the field, mentoring, and research by top academics.

The boffins will crunch the numbers to ascertain what effect the four-day working week had on productivity for the business, as well as the wellbeing of its workers and impact on the environment and gender equality.

Featured Image Credit: 71a

Isobel Pankhurst
More like this
Advert
Advert
Advert

Chosen for YouChosen for You

Entertainment

Ray Liotta’s Goodfellas Opening Line Was Named The Greatest In Movie History

21 hours ago

Most Read StoriesMost Read

Entertainment

First Look At New Horror Film Called Winnie The Pooh: Blood And Honey

2 days ago