Tesco builds homes for staff
This really brings a new meaning to 'living above the shop'.
Tesco has long been building housing above its big-box stores in London, and had been building affordable housing too, as required by the Mayor. But now it's going a step further and allocating some of the flats above its new store in Streatham to its staff.
Tesco has historically been under-represented in London and the move to create for homes for its staff is part of the strategy to counter this. Tesco hope the scheme will be "beneficial for staff retention" in London, where they suffer from a fast turnover of workers. It is certainly interesting that they feel the need to trial this approach. Are their staff really leaving them because they can't find an affordable house to live in? I presume it will be only management-level staff who get to live in these flats, as those are they only ones Tesco will be keen to retain.
The flats will be sold to a housing association and staff will not be treated differently to other tenants, retaining the right to stay in the property even if they stop working for the supermarket. However, if flats become vacant, staff will be offered them first.
Tesco has long been building housing above its big-box stores in London, and had been building affordable housing too, as required by the Mayor. But now it's going a step further and allocating some of the flats above its new store in Streatham to its staff.
Tesco has historically been under-represented in London and the move to create for homes for its staff is part of the strategy to counter this. Tesco hope the scheme will be "beneficial for staff retention" in London, where they suffer from a fast turnover of workers. It is certainly interesting that they feel the need to trial this approach. Are their staff really leaving them because they can't find an affordable house to live in? I presume it will be only management-level staff who get to live in these flats, as those are they only ones Tesco will be keen to retain.
The flats will be sold to a housing association and staff will not be treated differently to other tenants, retaining the right to stay in the property even if they stop working for the supermarket. However, if flats become vacant, staff will be offered them first.
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