Nationwide Building Society is the latest UK business to announce a one-off payment to staff to help with the cost-of-living crisis. The Swindon-headquartered organisation has confirmed it will pay £1,200 to 11,000 staff across the country.
The payment will be targeted at employees who earn £35,000 or less a year - a total of 61% of Nationwide’s 18,000-strong workforce - Nationwide said.
Earlier this year, Nationwide gave its staff a 4% pay rise and raised the base salaries of 4,000 of its lowest-paid workers in response to the rising cost of living.
