Six ways to support staff during the cost-of-living crisis
Posted on: March 17, 2023
UK households are in the midst of a critical cost-of living challenge. Inflation rates are at their highest in decades, and individuals, charities and businesses are all feeling the impact of soaring energy, food, housing, and transport costs.
According to the latest recent reward management survey carried out by the UKโs Chartered Institute of Personnel and Development (CIPD), one in four employees say money worries affect their ability to do their job. Even before the soaring cost of living started to make headlines,ย one in eight workers in the UK already lived in poverty. Now many more are likely to be struggling to maintain a decent standard of living and those on the lowest incomes are the hardest hit, with many falling behind on bills, going without essentials or taking on high-interest debt.
Today more than ever employers have an important role to play in demonstrating their commitment to supporting financial wellbeing and making a much-valued difference to their workforces.
So what can your charity do to help support your employees through the cost-of-living crisis?
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