Family Values Are Still the Core of Our Business
12 July 2022
2 minute read
Our CEO, Donna Richards, spoke to Modern Insurance Magazine about how we are supporting our team who might also be affected by the cost-of-living crisis.
"We have all seen the soaring cost of living in the headlines and many people are genuinely feeling extreme financial hardship. One in eight workers in the UK already lived in poverty (CIPD 2022) prior to this cost of living increase. Now, many more are struggling to maintain a standard of living whereby food or energy, not both, are a stark choice. One in four employees say money worries affect their ability to do their job (CIPD 2022). The reality is that most of us in some way or another, live to our means and because of that, none of us are immune to the hardships that the current socio-political and economic climate has created.
Carpenters Group as an employer of c.1000 people are more aware than ever before, of the role that we play with supporting our employees with financial wellbeing matters, through creating job security with progression opportunities, as well as providing valuable benefits such as Medicash which help provide support to employees working lives. Money related worries can have a very damaging impact on mental health. Financial wellbeing is an integral part of creating a healthy workplace and ensuring the mental health of our people remains positive.
At Carpenters Group we are proud to continue to expand our benefits offering including our financial planning sessions, employee discount schemes, bonus arrangements and annual pay reviews, whilst continuously developing our mental health and wellbeing agenda. We are always considering other benefits which may help support our employees and hope to expand our offering to be even more competitive in the near future.
Even though we have grown immensely over the past 28 years, at our core we are still a family run business who genuinely care about our colleagues and the communities in which we’re a part of. We have always positively supported local charitable initiatives, in particular foodbank appeals in our community.
We are continuously working to evolve our financial wellbeing initiatives and are committed to paying a fair salary, supporting progression and reviewing our benefits package, whilst offering financial education to our people at all levels. Our family values are at the very heart and core of our business and we are committed to providing sustainable support to any of our people who are struggling. We feel proud that our inclusive culture is such that people can and do seek our support should they find themselves faced with adversity."
CEO, Carpenters Group
Credit: Modern Insurance Magazine