Leeds-based Jet2 has announced all its staff will be getting a 9% pay rise this year as well as an extra holiday day.
Workers at both Jet2.com and Jet2holidays will all be receiving the pay rise this April. In addition, one of the five extra holiday days workers received last year will be added to their entitlement for this year.
The firm will also increase the terms of their share profit scheme for the current financial year. This means eligible workers will receive a share of 6% of the profits instead of 5%.
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Chief Executive Steve Heapy wrote a letter addressed to Jet2's workers. It said: "We have the best colleagues in the industry, and this is reiterated constantly with all the customer service awards we receive. We remain committed to ensuring that we continue listening and reacting to their feedback as the business evolves, and we hope this will continue to make us their employer of choice for years to come."
According to the company's Human Resources Director, Miriam D'souli, the travel operator had made "forecasts about the cost of living" before making the decision. She added: "We think the annual pay review puts people in a positive place in terms of maintaining their lifestyles.
She also said: "We’re also giving back more of the profit we make to our colleagues to recognise what they do for us. We want to look after our people and make sure we’re treating them the best we can.
"Most colleagues will get a share of that or be part of our generous bonus or commission schemes that are purely based on company performance, so everyone benefits from our success."
This comes after the company increased salaries by 4% last year, followed by another 4% increase soon afterwards. Workers were also paid a £1,000 'thank you' bonus and were give increased holiday days.
"It is a big investment, but we’ll get that back in productivity and loyalty" said D’souli. "Engagement as a result of this is incredible. It makes everyone want to work harder together, for the success of the company. Jet2.com and Jet2holidays are in a good place and so we want to share that with the people that helped get us here."
Steve Heapy said: "We hope that you will agree this is a positive start to the year and that we will continue to work hard together to do the best that we can to achieve record results and build upon the fantastic reputation that we have created together."
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