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Sunday, May 7, 2017

Employers add a ‘cheap place to live’ to list of staff perks

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The costs of renting or buying a home are soaring leaving younger workers struggling or completely priced out. Now there are schemes to help

Forget private medical insurance or money off gym membership. If you’re a priced-out young person struggling with London’s sky-high property costs, a cheap place to live that comes with your job would probably be number one on your fantasy list of employee benefits.

But for some young professionals starting out in their careers, this isn’t just a fantasy. A number of employers are starting to offer schemes to help workers deal with the soaring cost of accommodation. This week, publishing group Hachette partnered with the Book Trade Charity on a scheme that will allow some of its trainees who might otherwise find the capital “prohibitively expensive” to rent in north London at way below market rates.

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May 07, 2017 at 11:57AM

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from Rupert Jones

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