A Northern Ireland financial services company is to hike the salaries of its employees by at least 5% in what it says is a direct response to the rising cost of living.
FinTru, which employees more than 1,000 people around the world from its Belfast headquarters, said staff will receive an additional £2,000, €2,000 or $2,000 (depending on location) or an additional 5% increasing in their base salary, whichever is greater.
Uniquely, the increase is “completely independent of our year-end merit-based compensation process”, the company said in a statement, adding that the company is performing “exceptionally well” and in a strong financial position to implement the increase without impacting the usual year-end process.
