WebOct 6, 2024 · As the cost-of-living crisis bites, a growing number of employers are facing demands for pay increases at best, and threats of strikes at worst. This article addresses some employment law implications arising from steps being taken to manage the situation. With high inflation and prices for energy, food and fuel soaring, the UK is grappling ... WebNov 16, 2024 · There is a range of benefits you can implement to support employee mental health including: Access to counselling services (in-person and online) Medical appointments and assessments. Discounted gym membership or subsidised exercise classes. Mindfulness and relaxation tools such as apps and books.
Cost-of-living Crisis: Frequently Asked Questions - Employee Benefits ...
Web3 hours ago · Among the top benefits employees want are: 1, Discounts/help with household bills 27%. 2. Free food at work 27% ... “The cost-of-living crisis is driving up workers’ day-to-day costs, but most firms don’t have the money to fund pay rises in line with inflation. This is a knotty problem for HR departments who want to attract the best ... WebApr 6, 2024 · Employee performance experts at Weekly10 summated their 9 tips so that businesses can support their employees during tough economic times: 1. Focus on employee engagement. 2. Prioritize employee wellbeing. 3. Be transparent with employees. 4. Look to build resilience. hub international montana
9 Employee Management Tips to Assist with Cost of Living Crisis
WebPromote existing benefits that help support financial wellbeing. 2. Look ahead to springtime commutes and introduce Cycle to Work. 3. Provide material to support mental/physical wellbeing. 4. Congratulate and motivate employees with a mini-bonus. 5. Tap into the power of reward and recognition. WebJan 24, 2024 · Cost of living support packages. As previously alluded to, the key here is support, not reward. It changes the perception of the gesture in the eyes of the employees and if given the right thought, can truly … WebSep 28, 2024 · Employers need to take a proactive approach to help their employees deal with the stresses caused by the rising cost of living. According to the latest research from Reward Gateway, 71% of Australian HR leaders say anxiety caused by cost-of-living increases is negatively impacting employee productivity. The rising costs of housing, … hub international mountain states