The company will give salary in gold.
Talking to local media in London, Cameron Parry, CEO of TallyMoney, said that if there are around 20 employees working in a company, then they should consider this model.
Inflation is skyrocketing and the condition of the global financial market is bad. In the changed circumstances, a UK-based financial services company and its CEO believe that if the employee is given cash instead of cash. salary in gold ,Salary in Gold) then they will benefit a lot. The modern economy started in this way when goods were bought and sold in exchange for expensive metals like gold and silver. This company is also working on a pilot project regarding this concept. London based Tally Money (TallyMoney) is offering a package to its employee. Under this package, they will not be given cash but gold as salary. The company’s CEO Cameron Parry also believes that now there is no justification for paying salary in cash.
Talking to local media in London, Cameron Parry, CEO of TallyMoney, said that if there are around 20 employees working in a company, then they should consider this model. Such use is easy in these institutions. He said that if the salary of an employee is increased in pounds, it does not seem to be effective. The cost of living in London has become very high. In such a situation, it cannot be compensated with the help of increase in pound.
The value of the currency is decreasing continuously
Parry clearly believes that if the value of currency is decreasing continuously, then there is no importance of paying salary in currency. Gold has always been seen as a safe investment. Whenever inflation rises, people’s interest in gold has increased. It is seen as hedging against inflation. In such a situation, if you get salary in gold then it will be good.
20 people work in the company
At present 20 people work in TallyMoney. According to the information, initially only senior management people will get salary in gold. Later it can be implemented for all the employees. However, there is no pressure on the company’s employees. They will be free to choose either Pound or Gold.
Inflation forecast at 10 percent
The condition of the economy of England is bad. The Bank of England has made it clear that the year 2022 will be a recessionary year for England. It has raised the inflation forecast from 5.75 per cent to 10 per cent.