Tag: Cost of living
Report reveals employees whose mental health most impacted by cost-of-living crisis
38.24 percent of full-time workers and 42.69 percent of part-time workers feel their financial health is worse compared to previous years.
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Wages top of mind pre-election as more than 2 in 5 Brits struggling to make ends meet
More than 2 in 5 (42%) Brits are struggling to make ends meet, finds new data from Indeed, released two weeks before the UK General Election.
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Working from a pub is 40% cheaper than a coworking space
The average daily cost to work from a pub is just £13 – 40% cheaper than the average cost of a desk in a coworking space, at £22.
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1/2 workers do not feel their employer cares about cost of living struggle
Some employers could be underestimating the impact and struggle employees are currently facing and how unsupported the UK workforce feels.
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92% of employers to support employees due to cost-of-living crisis
Increasing salary is the most common way in which employers are tackling the issues their employees are facing with the cost-of-living crisis.
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Ongoing cost of living crisis impacting UK workers ability to do their jobs
Many workers are still struggling with the ongoing effects of the cost of living crisis, and this has led to rising concerns and drastic steps to try and save money.
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Britain’s poorest households £4,500 worse off due to cost of living crisis
The UK’s financial strain has forced 21% of individuals to postpone retirement and continue working, fearing they lack sufficient funds in their pension pot.
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Shopping discounts the top employee benefit last year
Discounts for supermarkets, online and high street retailers were the most used employee benefit throughout 2023, according to the findings of new analysis.
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Nearly half of UK workers received no cost-of-living support from their employer this year
Almost 1/2 of UK workers received no employer support to help them manage the cost of living during 2023 despite workers continuing to struggle financially.
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Vicky Walker: The growing burnout problem with side hustles
Employers need crucial advice on how to support the wellbeing of individuals who are struggling to keep up with the cost-of-living crisis, and are now turning to multiple jobs or new ways to support themselves.
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Rising costs affecting more than half of UK business strategies for employee benefits
57% of UK businesses say that rising costs are influencing their strategy for employee benefits. Yet, as companies continue to grapple with attracting key talent, investment in benefits remains a major priority.
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Female employees most likely to be suffering from financial stress
The COLC is causing more financial stress for female employees, with 48% of them experiencing ‘very’ or ‘somewhat’ stress compared to less than 1/3 of male employees.
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- Maureen Adams: Managing stress at executive level
- Paul Ball: A guide to dealing with bullying and harassment in the workplace
- Matthew Norbury: Keep your brain fit and the rest will follow
- Simon Garrity: How HR can provide leaders with better data to understand to plan, manage and adjust workload
- Anj Popat: Strength in diversity – how public sector organisations can lead by example
