Manchester-based software as a service (SaaS) firm Mobysoft has announced a raft of financial support measures for its employees to help combat the effects of the current cost of living crisis.
The scheme aims to support Mobysoft employees identified as being most financially impacted by the cost-of-living increases over the coming months. Following the completion of benchmarking of other similar support programmes in operation by other larger companies to consider how to target support directly to those who need it most, the company has aligned its scheme with the average payment.
Under the support programme Mobysoft will pay a £1,200 cost of living support payment split over the next 4 months (November 2022 to Feb 2023) to its employees earning up to £35,000. In addition, Mobysoft will also offer a tapered support programme for others earning up to £40,000.
Mobysoft CEO, Alex Karle, said of the programme: “We have selected the £1,200 deliberately to provide all employees earning up to £35,000 with £1,000 after tax under the 4-month programme and hope this can provide reassurance in turbulent times.
“Mobysoft are the first company in the ECI portfolio to offer this and are in the 1% of companies our size currently providing this. We truly believe that this exemplifies our human values and our commitment to supporting employees.”
Mobysoft Client Services Team Coordinator, Mandy Costello, said of the initiative: “I’ve found Mobysoft to be so invested in its employees and their wellbeing, especially over the last two years, and this latest scheme is testament to its dedication in supporting its staff.
The support is greatly appreciated with the bills and costs fluctuating at the moment. It means that our employees can relax over the Christmas period without having to worry about finances knowing there is a little bit extra available for a few months.”
