As the business world increasingly recognises the value of human capital, Sklavenitis Cyprus is taking bold steps to ensure its employees feel valued and supported. The leading supermarket chain pays a 14th salary to all its employees, including those absorbed from Papantoniou Supermarkets, a move that distinguishes Sklavenitis as the only retailer in Cyprus to adopt such a policy.

This initiative is not a symbolic gesture. With a total estimated cost of €2 million, it is a strong indication of the company’s willingness to invest in its most important asset—its people. By extending the 14th salary to everyone, Sklavenitis promotes inclusivity and fairness, reinforcing a workplace culture where all contributions are acknowledged.

Complementing this is a robust employee benefits program that addresses various aspects of financial and personal security. The Automatic Cost of Living Adjustment (ATA) at 12.56 per cent ensures employee wages keep up with inflation, a key component in maintaining real income stability.

Moreover, the company provides access to a Group Life and Health Insurance Plan, as well as a Provident Fund co-funded by the employer. These measures not only protect employees in the present, but also help them plan confidently for the future.

Sklavenitis goes a step further by offering store discounts, a birth allowance and holiday gift vouchers worth €100 for both Easter and Christmas, further enriching its support for employees beyond the professional realm.

This comprehensive approach aligns with Sklavenitis’ people-first ethos. In a service-oriented industry like retail, where employee engagement directly affects customer satisfaction, the company understands that supporting its staff is not just the right thing to do—it is a smart business strategy.

Sklavenitis is a shining example of how employee wellbeing and corporate performance can go hand in hand. By fostering a workplace that respects, rewards and invests in its people, it sets a new benchmark for responsible employment practices in Cyprus.