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Cost of living

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.

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.

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.

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.

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.

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.

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.

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.

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.

Most employers fail to support lower-income workers during cost-of-living crisis

Lower-income workers who earn less than £30,000 are bearing the brunt of the cost-of-living...
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