// Tesco is offering staff an advance of up to 25% on their pay each month
// The move is designed to help staff avoid getting into debt through payday loans
Tesco is offering staff advances on their pay to help them get through the cost-of-living crisis.
The retailer, which is one of the UK’s biggest private sector employers, is offering 280,000 workers up to 25% of their pay early.
The initiative is designed to help staff avoid staff resorting to payday loans as workers struggle to cope at a time where inflation is soaring.
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Despite this, unemployment levels remain low and retailers are having to raise wages and offer more benefits to attract and retain workers.
Tesco has given staff two pay rises over the past year, including one last month, which has seen it hike pay by nearly 8% in 2022.
Tesco UK people director James Goodman said: “We hope this helps to support colleagues, particularly in the run up to Christmas.”
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