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Employer Resources for Cost of Living Increases
With 4 in 10 UK employees labelling money as their biggest worry, it's no surprise that so many are looking to move employers in the hopes of a chunky salary rise. And in an already competitive market to win the War for Talent, employers everywhere are facing challenges to attract and retain employees when a business-wide pay increase isn't an option.
But there's more that employers can do to mitigate rising costs of living for their people, while also keeping business costs low, to support and engage their employees by introducing meaningful initiatives that significantly lower their day-to-day costs.
To help, we've put together resources to plan your strategy, full of inspiration from others and tools to help you get ahead of the cost of living increases to boost your attraction and retention goals, now and in the future.
Reach out to us for more ideas on how to navigate the cost of living crisis that we can quickly help you put in place.
Planning your strategy
Not sure where to start? Learn more about revamping and repackaging your EVP and overall rewards offering to support your employees:
Ready to support your people during the cost of living increases?
We hope you've found some new ideas for how to creatively support your employees during difficult financial times. Reward Gateway can help ease the burden of the cost of living increases through our extensive suite of solutions to:
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Help you attract and retain employees through improvements to your EVP with attractive benefits
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Reduce HR admin to help you do more, with less, while reducing costs for your business
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Provide meaningful financial support to stretch your employees' disposable income and improve overall financial wellbeing