‘The Place’ Restaurant Increases Staff’s Transport Allowance Over Rising Cost Of Living

Eko Hot Blog reports that The Place, a hospitality and restaurant outfit, has rolled out a palliative measure for its workers.

The Place is a popular indigenous restaurant in Lagos State with branches in Abuja and Ilorin, Kwara State capital.

A statement issued by the company’s spokesperson, Kayode Jackson, on Friday, said the palliative measure has increased the transport allowance of employees.

The restaurant said the increase in transport allowance is part of its efforts to relieve its staff of the current economic stress in the country.

The Chief Operating Officer of the company, Ms. Chinelo Umeugochukwu, said it was imperative to provide palliative for the workers now.

According to her, inflation has risen more than five times this year alone and businesses are feeling the pain both on how to respond to rising costs of supply, the exchange rate turbulence and the cries of the workforce.

She explained that the removal of oil subsidy and its attendant hike in the price of Premium Motor Spirit (PMS) and cost of transportation also affected her staff.

Ms. Umeugochukwu noted that the rising inflation has diminished customer’s financial capabilities and thus reduced purchasing power and inadvertently profitability.

However, regardless of all these, The Place COO said that restaurant still went ahead to respond quickly to the needs of its staff by paying “juicy palliatives” to all workers irrespective of their level.

“The palliatives were even increased for locations where the staff transport costs were significantly higher. This is in a bid to show that we value our employees and their direct relatability,” she stated.

According to her, profitability is okay only when the staff who are meant to be the bedrock of the company are happy.

“To get the best performance of the company, we have to give the best performance to the staff so that the company can the best of them,” she said.