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After offering his employees a Christmas bonus equivalent to one month’s pay, the head of a public relations agency received appreciation from his employees.
Employees at Stone Junction are eligible for bonuses, even if they have just joined the firm. The average incentive is £2,430 per person.
The bonus is determined by the length of time you have worked for the firm; if you have been there for a full year, you will get an additional month’s wage; if you have been there for six months, you will receive half a month.
The substantial award is meant to praise employees for their hard work, according to Richard Stone, managing director of Stone Junction, a Stafford-based company.
In addition to having operations in Germany and Romania, Stone Junction employs 36 people. The thirty-year-old account director Jessica Phillips.
Who has been with the firm for nine years, plans to use the funds to save for her wedding and to pay for Christmas.
It’s a really good acknowledgement of all the effort we’ve done this year,” she remarked. It will have a significant impact.
It’s nice to have the extra cash on hand since everything typically costs more around Christmas. It will help me top up my funds and buy Christmas gifts. For a wedding, I’m saving money.
In addition to saving for her wedding, 28-year-old Courtney Cowperthwaite has been employed at Stone Junction for six years.
“I already know that I can devote a larger portion to my savings than I would,” she said. It really relieves stress, particularly during this season when expenses are higher.
“At Stone Junction, company culture is at the heart of everything we do,” Richard, who previously made news for providing employees with a £1,000 incentive to pay their bills amid the cost of living crisis, said.
Our team’s commitment and knowledge are the foundation of our success, and this bonus is a testament to their diligence and the outstanding outcomes we’ve produced this year.
Additionally, it’s a means of expressing our thanks and creating an environment at work where everyone is treated with respect and appreciation.
Christmas spending in Britain is predicted to total £563.90 this year, which includes travel, socializing, food, presents, and decorations.
However, in addition to Christmas approaching, the incentive coincides with an impending increase in energy costs.
Since January 1, the Ofgem energy price limit has increased by 1.2%. This implies that the typical dual fuel home that pays by direct debit will experience a £21 rise in their yearly cost, from £1,717 to £1,738.
Following the government’s confirmation that it will maintain the present ceiling on rises, council tax rates in England are also expected.
To climb by up to 5% in April of next year. This implies that the typical household’s council tax payment may increase by over £100.