Focus 1 gives staff of Beach and Spice FMs 70% cost of living allowance
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As part of efforts to ease economic pressures on its staff, the Management of Focus 1 Media has made provision to pay cushioning allowances between 20 percent to 70 percent of the net salary to help with the cost of living.
In a leaked statement to www.233times.net, management noted that the allowances would be paid from October to December 2022.
However, there will be a review of the allowances in January 2023 considering economic and internal businesses.
Management admits that the business is making losses, but finds it prudent to support staff with the necessary cushioning in this prevailing economic turmoil.
Amongst other things, management is to put other measures in place to help minimize the expenditure of staff, particularly transportation costs by having staff only come to work on a need basis.
ABOUT: Nana Kwesi Coomson
[email protected] An Entrepreneur, Corporate Social Responsibility, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. His first degree is in Bachelor of Arts - Political Science (major) and History (minor) from the University of Ghana. He holds MSc in Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) from the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track.
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