Ringley Group’s Commitment to Employee Support

The Ringley Group has introduced its third financial support measure in five months, urging the property industry to follow suit amid the cost of living crisis. The company, which has 115 employees across London, Manchester, and Cardiff, has been proactive in issuing one-off payments and pay rises. Its latest initiative includes a £750 winter fuel payment to help staff cope with rising energy costs.

Pay Rises and Financial Assistance for Staff

Since April, Ringley has taken multiple steps to support its workforce. In June, the company committed to a 10% pay rise for all staff by 2025. Additionally, an immediate 3% salary increase was implemented in April for employees with over three years of tenure. These measures reflect Ringley’s recognition of the financial strain caused by inflation, which has reached a 40-year high of 10.1%.

Industry-Wide Employer Support Needed

While major retailers such as NatWest, Amazon, Asda, and Morrisons have rolled out financial support initiatives, similar efforts in the property industry remain limited. Ringley’s managing director, Mary-Anne Bowring, has called on real estate businesses to take responsibility for their employees’ well-being, stressing the importance of financial stability, morale, and emotional health.

Encouraging a Socially Responsible Property Sector

Bowring highlighted that the property industry, as a provider of shelter, has a duty to support both consumers and employees. She urged businesses to explore cost efficiencies in areas such as childcare, career development, and travel to ease financial burdens. She emphasized that even small actions can have a meaningful impact.

ESG and the Real Estate Industry’s Role in Social Good

With Environmental, Social, and Governance (ESG) principles becoming central to the real estate sector, Bowring pointed out that tackling the cost of living crisis presents an opportunity for businesses to demonstrate their commitment to social responsibility. Supporting employees financially can enhance corporate reputation while addressing critical social challenges.

Ringley Group’s Industry Presence and Impact

Founded in 1997, Ringley Group specializes in asset management and operational strategies across residential real estate sectors, including build-to-rent, student accommodation, and later living. The company manages a £6bn portfolio covering over 13,000 homes across the UK, working with major clients like Europa Capital, Patrizia, and Rise Homes.