The executive search firm said the decision was made in response to rising energy and fuel prices to minimize the impact of the cost of living increases.

“We are incredibly proud to have developed a family of talented, hard-working and loyal individuals. We are a people-first business who will always, always look after our own,” said managing partner Scott Parsons.

The gesture echoes the announcement made by MRL Consulting Group last month, where CEO and founder David Stone also gave his staff a 10% pay rise.

When speaking with employees, it’s clear how significant this gesture is. One staff member said: “I had relocated to our London office at the end of 2021, and the cost of living had already increased. This is such an unexpected surprise, adding to all of the other incentives, rewards and raises over the years.”

“The main driver for us as business owners is to ensure everyone within our team will work their best selves and leave the office each day their best selves too,” explained Parsons.

Forsyth Barnes operates across eTail, fintech, software and sports & entertainment industries globally.

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