Trade credit insurer Atradius has committed to giving almost all staff a £2,000 payment to support them through the cost of living crisis. This follows a £1,600 payment given to employees in October.

The insurer, based in Cardiff, employs 426 people across the UK and Ireland, will give the payment to almost all employees on the payroll including graduates, interns and those on temporary contracts.

The management board at Atradius made the decision to offer the second payment to continue supporting its employees amid the rising cost of living, as inflation continues to increase and people face record-high prices on essentials like fuel and energy.

All staff members, with the exception of executive managers, will receive the grant, which will be split across four £500 installments, from April onwards.

The cost of living payments will be in addition to performance-based and inflationary-linked pay increases, which are offered annually. In March 2023, the majority of Atradius employees also received between a 5% and 11% pay increase.

Stuart Ramsden, regional director in the UK and Ireland, said: “Atradius is a brilliant place to work and that’s because of the brilliant team of people that work here, so I’m really pleased we’re able to offer substantial financial support for the second time.

“Our team continue to help our customers through challenging economic times, but we know they may also be affected, so it’s important to us that we regularly evaluate what we can do to support them as the cost of living continues to rise.”

“Along with financial support, we will also continue to offer core benefits including 10x salary life assurance and payment protection of 75% of salary up to state retirement age and voluntary benefits including private healthcare, discounted retail vouchers, childcare vouchers and dental plans”.

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