FinTrU Announces Pay Increase for 1,000 NI Employees in Cost of Living Adjustment
FinTrU employees, based in Belfast or Londonderry offices, will receive an additional £2,000 or an additional 5% increase to their base salary. This applies to all employees, from entry level to senior vice president, including part-time employees. This initiative excludes FinTrU leaders (Executive Directors and Managing Directors) as they already enjoy an enhanced benefits package, including the ability to buy shares in FinTrU.
Founder and CEO of FinTrU, Darragh McCarthy, said: “At FinTrU, we invest heavily in our employees as part of their professional careers, but we are also fully aware of the current inflationary situation globally and want to continue to support our employees. Therefore, FinTrU has made the decision to increase salaries due to the current level of cost of living expenses in the global landscape.
“This off-cycle salary adjustment is completely independent of our year-end merit pay process. FinTrU is performing exceptionally well and is in a financial position to implement this increase without impacting the compensation paid to our employees as part of our annual year-end process.
FinTrU Chief of Staff Katrien Roppe added: “As a company, FinTrU has a social purpose to create high quality jobs globally. This decision to increase the salaries of our employees is something we are proud of. FinTrU is able to afford to do this because of the hard work and commitment shown by our employees since our founding in 2013. We don’t miss this and we are delighted to support our employees in this way for their continued dedication.
The salary increase will be effective from July 1 and all future employees, who have received an offer to join FinTrU, will also have their salaries adjusted accordingly.
