Hospitality group offers interest-free home deposits to staff

Pub and restaurant group, Circle & Hen have launched a surprising financial incentive package to provide staff with a sense of security and worth in an industry which is struggling to hold onto and motivate staff in the pandemic.

The unusual perk will provide their staff with an interest-free 5% home deposit loan, should they wish to purchase a property with a mortgage for first-time buyers. This is subject to a limit.

As it is becoming more challenging for home purchasers in this demographic to get on the property ladder, Circle & Hen say that by assisting their staff in this manner, they are helping to provide them with a sense of permanence, as well as encouraging them to grow their careers within the Circle & Hen group.

A spokesperson for Circle & Hen group explained, “We have been investigating other industries which encourage growth for their employees, both personally and commercially. Hospitality has always had its own superstars, but we wanted to really create a benchmark in terms of support and recognition.”