Confiz, driven by its strong belief in fostering empathy, has recently introduced a Cost-of-Living-Adjustment (COLA) benefit to help its employees battle rising inflation.
The rising cost of living resulting from the current economic crisis has become an escalating concern for people. With a strong focus on equity, this incentive strives to ensure that all employees receive fair and unbiased compensation, irrespective of their job title or position. The percentage of COLA granted to each individual is directly proportional to their base salary, resulting in higher incentives for employees with lower base salaries.
Employees will receive the COLA incentive twice in 2023 to stay ahead of rising inflation and cope with the financial pressures.
Sharing his thoughts on the initiative, Raza Saeed, the CEO of Confiz, said: “Taking care of our people is a top priority for us at Confiz. We want to do everything possible to alleviate this burden. By providing the COLA incentive, not once, but twice a year, we aim to empower our employees to maintain their financial stability while continuing to flourish in their personal and professional lives.”
While speaking on the vision behind the initiative, Affan Aijaz, Global Director of People & Culture at Confiz, said: “At Confiz, our investment reaches far beyond the mere bounds of business—it extends wholeheartedly to our most valued asset, our people. As we navigate the turbulent waters of inflation, a challenge that has left no one untouched, we introduce our COLA initiative.”
“This is not merely a response but a testament to our empathy, demonstrating that we hold our team members’ financial well-being in the highest regard. We are steadfast in our commitment to support them and stand with them in these demanding times.”
This initiative is a prime example of Confiz’s continuous efforts to create a workplace where everyone is respected and recognized for their valuable contributions. Moving forward, Confiz plans to continue introducing initiatives that promote equity and the well-being of its people