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Commuting costs continue to put strain on office worker finances

Workplace Insight

UK employees are suffering higher cost-of-living expenses, especially due to transportation costs and tensions may rise as many companies enforce return-to-office policies. The post Commuting costs continue to put strain on office worker finances appeared first on Workplace Insight.

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Optimizing the Hybrid Work Landscape for Tasks to Do at Home

Allwork

Office presence should be for a compelling purpose that surpasses the notable expenses, in terms of time, finances, and stress associated with commuting. A Hubble survey demonstrated that 79% of participants enjoyed the absence of commuting, making it the top-rated advantage of working from home. Census data.

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Unveiling the Hidden Potentials of Remote Work Productivity

Allwork

Companies offering remote work options can also save on cost-of-living expenses by hiring talent in more affordable regions, both domestically and internationally. The National Bureau of Economic Research (NBER) highlighted a significant increase in productivity for remote work-heavy sectors like IT and finance.

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Two in five people are working extra hours as cost-of-living crisis bites

Workplace Insight

HR software provider Ciphr surveyed 1,000 employees across the UK about their experiences of rising living costs in 2023, and any actions they’ve taken, or have considered taking, because of financial pressures. Worryingly, over two-fifths (43 percent) of those surveyed have struggled to buy food or pay their bills.

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How to Manage Yourself When Making the Move to Self-Employment

Productivityist

Build Your Finances. You ideally need to make sure you have enough running costs of the business to run for 6 months as well as making sure you have enough to pay for living expenses. Remember, you will no longer have a monthly income in your bank account, and your finances rely solely on your success from being self-employed.

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4 Ways To Financially Support Your Employees (Other Than Raises)

Allwork

Here are some actionable tips that employers can take to help their employees prepare for economic downturns and unexpected expenses. Without simply increasing wages, what course of action can employers take to prepare their employees for economic downturns and unexpected expenses? Unfortunately, this just isn’t the case.

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7 Strategies To Attract And Retain Top Talent

Allwork

And a survey from Greenhouse, a New York City-based hiring software provider, finds that 57% of 1,500 employees plan to still be actively looking for a new job even if a recession hits. Consider a study of managers in 20 Fortune 500 companies, which found men experiencing quicker career progress and getting better salaries.

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