Fair Deal - How happy employees are with pay and benefits
Fair Deal itself doesn’t directly influence another factor. It’s classified as a hygiene factor. Sure, doubling everybody’s salary would make them happy but it wouldn’t make them feel any better about factors such as leadership and management.
Now although pay is not an engager, it is important that pay and benefits are at the right level as to not disengage employees further.
Lovat Parks maintains a hands-on approach with its leadership frequently visiting parks and central offices. The company encourages openness and accessibility, enabling employees to comfortably share their thoughts, concerns, and suggestions. The management also ensures regular one-to-ones and reviews to focus on employee strengths.
Lovat Parks offers interest-free pay advances to all team members, with flexible repayment options. The company is a real living wage employer and offers all team members a 50% discount on any holiday booked on one of their parks.
The company's commitment to wellbeing is notable, with a structured plan focusing on workplace, financial, social, and mental wellbeing. Lovat Parks also offers an Employee Assistance Programme, mental health awareness training, and a Mental Health First Aider programme.
KP Snacks demonstrates its commitment to fair treatment through financial support initiatives in collaboration with Grocery Aid, offering financial grants and a one-off cost of living payment to colleagues earning £35,000 or less per annum.
KP Snacks' leadership ensures transparency and clarity through regular updates on the KP4ME portal and on-site townhall meetings. They promote organisational values and provide strategic direction, enhancing employee engagement.
KP Snacks' 'Community Heroes' initiative encourages employees to support local community projects. Additionally, the company's sustainable strategy, 'People & Planet', highlights its commitment to environmental responsibility.
As the firm is employee-owned, all staff are entitled to an equal profit share bonus each year. Employees also get gift vouchers on milestone birthdays, weddings and for babies. At Christmas, staff can choose a voucher or donate to a food bank. And there are plenty of sweet treats and free breakfasts at quarter end.
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