Should your employer be helping you navigate the cost of living crisis?
Alice Weightman
Global talent advisor in roles that drive revenue, reputation and manage risk. Founder of Hanson Search and The Work Crowd. Global Women in PR member and 30% Club member.
It’s a question I’m getting asked constantly by employers – what should we be doing? And what are others doing? Some of the biggest UK businesses are weighing up if and how they should support their workforce through?the cost of living crisis, and with good reason.
Employees’ financial struggles are costing businesses. The Centre for Economics and Business Research found that?10% of UK employees missed days at work due to financial problems?– that’s a lot of stress-related absence. A further fifth of the workforce was less productive due to financial anxiety. Do the maths and we could be looking at a cost of ￡6bn to businesses annually.
The business case for addressing the crisis is compelling – and people will expect their employers to do so. Things are going to get worse after the summer, when we all have to turn on the heating again.?The government’s ￡400 household energy grant?is a start. But it won’t be enough.
Read the full article?here .
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Founder and Lead Trainer at Rebalance Network
2 年Interesting perspective… how should employees shift work perspectives even more?
Fractional Chief Marketing Officer | Fractional Chief Digital Officer | fCMO | Private Equity & Venture Capital Advisor | Board Member & NED
2 年Insightful article Alice. I appreciated the view on 'softer' benefits employers can offer and you noting that lump sum payments won't quite be enough for lowest income earners.