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.
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.
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.
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.