Heathcoat Fabrics responds to cost of living pressures with an above average pay award for all employees
“The hard work and commitment of our employees is the cornerstone of our successful business at Heathcoat.”
For the second year running, Heathcoat has exceeded labour market trends by announcing an across-the-board nine per cent pay increase for its 485 employees.
The Office for National Statistics recorded an average growth in regular pay of 6.6% in its latest survey, however, Heathcoat recognises the challenge that the continuing high cost of living is putting on the lives of its staff and their families.
Chris Kiely, Finance Director at Heathcoat Fabrics said: “We annually review pay levels and negotiate a cost of living pay award with employee representatives. At all stages our focus has been to secure a fair offer with all involved, for the benefit of all our current and indeed future employees.”
Chris added: “The hard work and commitment of our employees is the cornerstone of our successful business at Heathcoat. We are pleased to be able to recognise this again this year through such a significant pay increase, which results in pay levels being maintained well above the new National Living Wage for all our employees. This is in addition to a range of other benefits including annual profit share, 6% pension scheme contribution, health and wellbeing provisions and local business discounts.”
Heathcoat Fabrics, which received the Queen’s Award for Enterprise last year, has recently started work on impressive plans for the expansion of its manufacturing capacity to meet growing international demand for its solution-focused technical textiles. Striving to be an employer of choice, Heathcoat continues to actively recruit for several opportunities across all areas of its business.
Visit www.heathcoat.co.uk/careers to be part of our journey.