A builders merchant with a branch in Reading has unveiled a £2.5m boost to its staff with the cost of living crisis.
Selco Builders Warehouse, will give 96% of its 3,000-strong workforce a payment of £750 spread over five months. The only people not to benefit are the senior management team.
The scheme will run from November until March, and has been implemented as a direct response to rising energy bills and general inflation. It sees eligible employees receive £150 per month.
Howard Luft, chief executive of Selco Builders Warehouse, said: “We are living through an unprecedented cost of living crisis and it’s placing pressure on household budgets, from energy to food and fuel to mortgages, up and down the country.
“We wanted to do what we could to provide additional support to colleagues who, day-in and day-out, give outstanding commitment, dedication and service to the ongoing growth and success of Selco.
“Everyone in the business, apart from the most senior figures in management, will benefit from these payments which are structured in such a way that they can have a direct impact on the rising monthly bills during the winter months.”
Mr Luft said he hoped this support would aid the company’s workforce and he planned to explore other ways the company could help them.
This has included free breakfasts with locally sourced products every day across the Selco estate, and career development opportunities to its staff with several hundred benefitting from apprenticeship programmes, including the introduction of a Driver Academy to offer employees the chance to retrain to become HGV drivers.
“Our colleagues are undoubtedly the biggest asset of our business and we will continue to invest in them at every opportunity,” Mr Luft said.
As well as offering trade services, Selco also has a strong digital presence including Click & Deliver and Click & Collect services and a new app to make life as convenient as possible for tradespeople.
For more information, log on to: www.selcobw.com
