Parklands Care Homes has introduced a salary advance scheme for employees to access up to 40 per cent of their accrued wages at any point of the month. This includes additional hours worked.
The scheme is in light of research by employee benefits company Wagestream which shows that unexpected costs are the biggest concern for UK employees. The survey also found that more than a quarter (26%) run out of money before payday.
Elaine Taylor, operations director for Parklands Care Homes, said: “The traditional model of being paid at the end of the month doesn’t work for many shift workers: it isn’t responsive to the cost of living crisis and doesn’t allow employees to meet unexpected costs.“
The scheme is just one initiative designed to boost recruitment and retention at the care home business.
Last week Parklands revealed plans to build 24 affordable flats for rent in Inverness to house employees at its new care hub in the city. This hub development will comprise of a 58-bed care home and a later living village of 11 homes.
Other incentives for new employees include a £2,000 welcome bonus for full-time nurses and a £250 incentive for other employees, including carers. Parklands is also a Young Person’s Guarantee Employer and supports the UK Government’s Kickstart Scheme for 16-24-year-olds.
Parklands Care Homes owns and operates nine homes in Tain, Fortrose, Muir of Ord, Grantown (pictured), Aberlour, Keith and Buckie and employs almost 700 staff.