Inflationary pressures and the soaring cost of living is playing on workers' minds. But also on employers.
We have some resources to help organisations who want to support the financial wellbeing of their employees through the cost of living crisis, and we've been discussing this here. Our discussion about mid-year cost-of-living payments and one-off support for employees has now been read over 10,000 times. Charles Cotton, CIPD's Performance and Reward Advisor has also written about the pros and cons of doing that here.
Please continue to share any tangible steps you are taking to support your employees. As well as one-of payments, are you supporting your staff with travel loans? Have you introduced or extended flexible hours, allowed staff to 'sell' holiday? Are you considering encouraging your employees to come into the office where it will be warmer over the colder months?
But I recognose this is also a real challenge - a crisis, even - for employers themselves.
Can you afford to do anything? Do you think it's your responsibility to do anything? Are you reviewing benefits? Do you expect to have to make redundancies to offset rising energy bills?
Please let us know (below) what additional advice and resources you would find helpful in this area.
