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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. miles to get to work, there is clearly a need for companies to address the issue promptly by offering ways to financially support commuters.

Finance 59
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CFOs On Guard As Gartner Forecasts Major EBITDA Margin Squeeze by 2027

Allwork

Gartner forecasts a significant decline of over 30% in companies’ EBITDA margins by 2027 due to economic challenges like weak demand, high costs, and slow GDP growth, which will require CFOs to adopt new financial strategies. A lethal concoction of stagnating demand and soaring costs. The culprit?

Expenses 290
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A Millennial’s Guide to Finances: 5 Things to Start Before You Turn 30

Success

However, important skills like when and how to manage your finances don’t come naturally to many. According to a 2022 survey by Deloitte, 36% of millennials and 29% of Gen Z cited “cost of living” as their greatest concern. Lesley Tenaglia, a mortgage agent at both Ultimate Mortgage and Finance Solutions Inc.

Finance 279
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Business finance: The ultimate guide for non-finance people

BMT Office Administration

Either way, you’ll need to master the basics of business finance if you want to find success. Even employees not working directly in finance generally need a basic understanding of it to succeed. Nothing exists in a bubble, and business finance is no different. Why is that?

Finance 105
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7 Short-Term Financial Goals and How to Achieve Them

Success

Rebalancing your budget is the process of reviewing your finances to make space for money goals. Then, go over your existing income and expenses. If not, you’ll need to adjust your budget by reducing expenses or increasing your income, so you have excess money each month to set aside.

Goals 278
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Facing ‘Un-Retirement’: The Cost Of Living Is Forcing Retirees Back To Work

Allwork

What the survey found was that 69% of retirees who are un-retiring are doing so in order to combat the rising cost of living. . According to the BMO survey, 36% of survey respondents have reduced their savings, and 21% are putting away less for retirement in order to keep up with growing costs. . Here are some key findings: .

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Some Companies Are Asking Employees to Pay for Training to Increase Buy-in. But Does It Work?

Success

Before you know it, you find yourself on the hook, either right away or when you try to switch jobs , for thousands of dollars of repayment for training your company asked you to do—all in an effort to secure employee buy-in. Required corporate or professional training: “It is only sensible that the company carries the total cost.”

Training 246