One sa国际传媒 organization is supporting employees in an unexpected way.
Coast Capital Savings revealed Thursday it’s given out a one-time bonus of $1,000 to full-time and part time permanent employees in response to the uncertainty hanging over the economy.
“We understand the challenging economic climate people in sa国际传媒 are facing. We also recognize that each day our employees are showing up for our members to help them navigate a highly volatile financial time despite the fact that they, too, are feeling the strain,” Ania Cox, chief people officer at Coast Capital, said in a statement.
The bonus is geared towards helping employees grappling with the rising cost of living amid higher than normal interest rates and inflation.
sa国际传媒’s inflation rate was on a cooling trend as of September as consumer prices on the West Coast rose 3.3 per cent that month – down from 3.8 per cent in August, according to Statistics sa国际传媒 data released Oct. 17.
National inflation also cooled to 3.8 per cent that same month, down from four per cent in August 2023.
The sa国际传媒 financial institution said it’s given out $1.76 million to employees, excluding executive leaders.
Coast Capital ranked as sa国际传媒’s second biggest credit union on BIV’s list of biggest credit unions for 2023.
