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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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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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6 Real-Life Budgeting Tips to Save More Money

Success

I make an average salary. How to save more money Now that I’ve upgraded from a piggy bank to a checking account, I’ve been able to identify the best ways to save money for the future without compromising my lifestyle in the present. Some of the highest-quality clothes and shoes in my closet have cost less than a latté.

Budget 291
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Experts Predict 2023 Will Be the Year of ‘Quiet Hiring’—Here’s What to Expect

Success

This can lead to raises and promotions for those overachievers, and less of a cost burden on the company to onboard a new team member. But it depends on how the company goes about it, and if they are compensated for additional tasks or just expected to do more for the same salary. This presents quite the conundrum.

2023 289
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7 Types of Competitive Advantages and How to Develop Yours

Success

Niche focus: develop your cost advantage and product differentiation. One is gaining a cost advantage. Finding means to reduce production, supply chain, and delivery costs also assist your cost advantage. If your budget is too limited to offer competitive salaries, what other perks do you offer ?

Budget 279
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The 6 Biggest Financial Mistakes to Avoid in Your 30s

Success

She advises her clients to have a full picture of the total cost involved in owning a home, which includes a down payment, mortgage, homeowners insurance, property taxes and ongoing maintenance and repairs. Overall, he says, “The element I would most love for people to include is the concept of giving themselves some grace.”

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New study reveals deteriorating employee wellbeing and eroding trust in employer efforts

Workplace Insight

Financial wellbeing The impact of today’s cost-of-living crisis on people’s daily lives is apparent in respondents’ financial sentiment. Unfortunately, 37 percent of workers report experiencing adverse effects of job-related stress, and just over a quarter have suffered from anxiety / panic attacks (27 percent).

Finance 111