WPP AUNZ returns 2020 staff salary sacrifices
WPP AUNZ CEO Jens Monsees has today announced that all staff earning under $200k will have any salary sacrifices they made this year returned to them in December.
Monsees has made the call to return 2020 staff salary sacrifices
Staff who instead took leave “will be offered up to three extra annual leave days to take over the next year, commensurate with the reduction in working hours opted for.”
The news comes as WPP AUNZ was subject to a takeover bid from majority shareholder WPP plc earlier this morning.
In April this year, Mumbrella reported that the business had extended pay cut requests beyond senior executives to the whole team, and introduced pay rise and hiring freezes due to Covid-19.
Participation was confidential and on a voluntary basis, with WPP AUNZ asking that “employees … consider within the context of what is best for themselves, their family and their personal situation.”
In his note to staff this morning, Monsees said, “Over the last few months, we have asked some incredible things of you, and almost without exception the response has been overwhelmingly positive and productive.
Monsees speaking recently at Mumbrella360: Reconnected
“We are a people-based business and looking after our incredible mix of creative and digital talent has never been more important.
“As 2020 draws to a close we are very happy to be able to say a big thank you to those that have made a personal contribution to protect everybody’s jobs, whilst continuing to support our clients.
“Therefore, we are very pleased to announce that due to your hard work, in December we will be giving back the salary sacrifices we asked teams to take in 2020 for those on salaries under $200k.”
With the news of the takeover bid this morning, WPP AUNZ shares have risen to $0.41.
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Damian is the head of content at Mumbrella, overseeing all content and editorial within the business. He has worked as a journalist and communications consultant across a number of industries for over 15 years. He has been with Mumbrella for more than three years, initially running event content. Damian was previously print editor of AdNews.
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