The cost of living crisis. It’s something we’re all sick of hearing about…and experiencing. With winter on the horizon, finances are a concern for many employees. Energy prices will rise by 10% from October, so supporting employees with financial perks is one way that you can help reduce the sting. Financial Advice Knowledge is power,...
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Salary Sacrifice on the surface may not sound all that beneficial. The word ‘Sacrifice’ brings ideas of hard earned money being taken from employees with each paycheck. But in reality, it can be a great opportunity for colleagues to gain access to services that they may not have been able to afford, all while being...
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Most people are aware of the high levels of financial stress dominating the UK. In fact, Champion Health found that 37% of those surveyed listed financial pressure as a top cause of stress outside of work in 2023. With the cost of living crisis being a glaring issue for many of us, shaking off that...
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It’s a well-known fact that a financial reward scheme for employees can improve engagement as well as make a significant impact on the bottom line. For many employers, however, offering a pay rise or bonus is not always feasible, particularly during these challenging economic times where every penny counts for both organisations and employees. According...
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It’s no secret that the cost of living crisis is hitting everyone hard. With drastic UK inflation and soaring energy bills alongside stagnant wages, people are struggling to get by. No matter how much employees enjoy their job, money is on everyone’s mind. The supermarket shopping budget doesn’t stretch as far as it did a...
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The Office for National Statistics (ONS)’s has warned of an ‘economic storm’ ahead as UK unemployment dropped to a near-50 year low, at the same time that wages also suffered a massive fall. Quarter 1 jobs market data showed that, despite wages rising, real earnings dropped by the highest margin in nine years. The unemployment...
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2022 has arrived the great news that coronavirus seems to be under control. However, this news has been buried under the wait for the Sue Gray report, the crisis in Ukraine and the news cost of living is about to rise steeply. Four reasons why has the cost of living is about to rise? National...
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We need to talk about financial planning. Employers are reluctant to discuss financial planning with their employees, and with good reason. The feeling that you’re opening a can of worms in terms of pay is an eternal worry. However, financial challenges that your employees face have a direct correlation with their performance when they’re at...
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