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 ofinspiration from others and toolsto 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.
How a powerful benefit can make the world a better place to work
With an increased salary at the top of employees' lists, what can employers do to attract and retain talent if a big pay rise isn't an option? See how meaningful and relevant financial benefits can help you retain your people.
6 creative & high-impact ways to support employees financially
Running out of ideas on how to financially support your employees? Explore creative ways companies have responded to employee feedback to make their people's lives a little easier.
Discover how companies of different sizes and in different industries put in place innovative initiatives to reduce the cost of living for their people:
Case studies
The Book of Engagement Success
Uncover how Reward Gateway clients track ROI of their programmes to deliver measurable results to their business with powerful stories from companies of all sizes.
Consolidating Systems to Drive Increased Engagement and Improve the Employee Experience
See how changing and consolidating benefits providers led to increased engagement for an offline workforce, resulting in over £100k in savings for employees.
Helping a National Charity Future-Proof Benefits and EVP
Learn how Royal British Legion successfully engaged its 1,700-strong mainly offline workforce by centralising benefits on offer in one place and how it helps reduce HR administration.
Financial Organisation Improves Communications to Drive Benefits Uptake and Employee Satisfaction
See how the team at St. James's Place Wealth Management used fresh branding and clever communications to bring more awareness to new offerings for its people, resulting in 71% of all employees registered in just one week!
How Reward Gateway helps ease the cost of living increases
Ready to offer your people the support they need, and the extra push to stay with your company? Browse our products and introduce low-cost, impactful solutions today:
Solution Overview
Employee Discounts
An unbeatable employee discounts programme that saves your people money every day at 900+ retailers.
The best way to serve up benefits your people will love? Ask them what they want! Use pulse-style surveys or expert survey templates to guide your strategy.
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:
- Help you attract and retain employees through improvements to your EVP with attractive benefits
- Reduce HR admin to help you do more, with less, while reducing costs for your business
- Provide meaningful financial support to stretch your employees' disposable income and improve overall financial wellbeing
Simply let us know how best to reach you, and we can help you navigate cost of living increases to make your employees' worlds a better place to work.
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