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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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The Four Horsemen of the Mandated Return to Office

Allwork

A Future Forum survey found that 21% of all White knowledge workers wanted a return to full-time in-office work, but only 3% of all Black knowledge workers wanted the same. A June 2022 McKinsey survey of all workers, remote-capable and not, provides further context on preferences for hybrid work. Resistance .

2022 342
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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.

Expenses 162
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Workplace Stress Is Crushing Young Employees

Allwork

In 2022, a Bain and Company survey revealed that 61% of employees under thirty-five were most concerned about their job security and finances (compared to 41% over thirty-five). This was supported by a LinkedIn survey which found that 72% of Gen-Zers wanted to quit their jobs in December 2022.

Stress 246
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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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4 Ways To Financially Support Your Employees (Other Than Raises)

Allwork

The recent Workplace Wellness Survey by the Employee Benefit Research Institute ) blames inflation for workers’ poor financial health, as 80% of respondents said that debt and an inability to plan for the future is “ a problem.” Unfortunately, this just isn’t the case.