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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. According to the poll, most hybrid and remote employees highlighted travel costs as the highest overall expenditure they have when attending the workplace.

Finance 59
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Cost of living pressures hurting productivity and wellbeing

Workplace Insight

New research investigating how cost of living pressures are impacting the workforce has found that three quarters (74 percent) of HR leaders fear the cost of living crisis is affecting employee performance.

Salary 59
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3 Common Money Myths Debunked

Success

From misinformation to oversimplified generalizations about money that get passed down from generation to generation, most of us have adopted false beliefs about our finances. Technological innovations have removed barriers to entry in investing, such as limited access, large minimum deposit requirements and high trading costs.

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How Do You Survive When Your Business Isn’t Profitable at the Start?

Success

But you also need to be prepared for your finances to change dramatically. The good news is that you can make a salary even if your business isn’t profitable. The bad news is that if you don’t have a profitable business to start, you might feel guilty or reckless drawing anything except the smallest salary you can live on.

Budget 279
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Cost of living crisis and other employee concerns are top risk concerns of businesses

Workplace Insight

The managers and owners of firms across the UK now believe that the cost of living crisis is the top risk to their business, closely followed by a range of employee related issues, according to a new poll. Employee related risks in the top five include lack of skilled talent, employee retention and cost of salaries.

2022 52
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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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6 Real-Life Budgeting Tips to Save More Money

Success

I make an average salary. Some of the highest-quality clothes and shoes in my closet have cost less than a latté. But I’m shocked when I see the cost of certain treatments and hair cuts. To put it simply, you can get your hair done professionally for the cost of a tip. I contribute to my 401(k) monthly. Well, practice.

Budget 290