Cordant, one of the largest recruitment firms in the UK, is to become a “social enterprise” operating a pay cap and profit-sharing scheme. The company, which supplies 125,000 temporary staff each year to 5,000 clients including Amazon and Tesco, will restrict its pay ratio, meaning that the pay of top earners will not be allowed to exceed 20-times that of the lowest-paid employees. “We are all in. Dividends will also be capped. In an interview with BBC Radio 4’s Today programme, Mr Cant said he was concerned about the impact on workers who had been recruited through agencies such as his firm or by direct recruiters from
Cordant, one of the largest recruitment firms in the UK, is to become a “social enterprise” operating a pay cap and profit-sharing scheme. The company, which supplies 125,000 temporary staff each year to 5,000 clients including Amazon and Tesco, will restrict its pay ratio, meaning that the pay of top earners will not be allowed to exceed 20-times that of the lowest-paid employees. Dividends will also be capped. In an interview with BBC Radio 4’s Today programme, Mr Cant said he was concerned about the impact on workers who had been recruited through agencies such as his firm or by direct recruiters from