Business

FinTrU announces 5 per cent global salary increase

Darragh McCarthy

FINANCIAL services firm FinTrU is handing its employees another salary increase in light of the current rapid rise of the cost-of-living on a global scale.

Employees at the company - which employs more than 1,000 people in Belfast, Derry, London, Dublin, Maastricht and New York - will receive an additional £/€/$2,000 (depending on their location) or an additional 5 per cent increase to base salary, whichever is the greater.

The rise from July 1 applies to all employees from entry level to senior vice president, including part-time employees.

FinTrU founder and chief executive Darragh McCarthy said: “We heavily invest in our people as part of their professional careers, but we are also fully aware of the current inflationary situation globally and want to continue to support our employees.

“So FinTrU has taken the decision to increase salaries due to the present level of cost-of-living expenses across the global landscape.

“This off-cycle salary adjustment is completely independent of our year-end merit-based compensation process.

“FinTrU is performing exceptionally well and is in the financial position to implement this increase with no bearing on compensation rewarded to our employees as part of our annual year-end process.”

The firm's chief of staff Katrien Roppe added “FinTrU has a social purpose to create high-quality employment on a global scale, and this decision to increase our employees' salaries is something we are proud to do.

“FinTrU is in the position to be able to afford to do this due to the hard work and commitment shown by our people since our foundation in 2013. This is not lost on us, and we are delighted to support our employees in this fashion for their continued dedication.”

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