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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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Tax Planning for Freelancers: 5 Strategic Moves To Make Now To Avoid Tax Pain Next Year

Allwork

It’s possible to have missed opportunities in areas where you might have been able to restructure your personal finances. Firstly, it is the simplest and least expensive form of business to set up and maintain. workplaces, about a third (35%) of workers with jobs that can be done remotely are working from home all the time.”

Legal 264
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Half of UK businesses expect 2024 to be easier than 2023

Workplace Insight

One factor playing a significant role in this lack of visibility and confidence in spend management is the way many define expenses. Almost half (47 percent) of UK businesses believe that expenses and spend are different, but only 24 percent have clear guidelines for their finance teams on how they differ.

2024 52
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Should You Encourage Your Team to Pursue Side Hustles?

Success

No longer a fringe activity but a permanent part of the modern workplace, side hustling brings troubling questions to leaders about their role in allowing or even encouraging their team to pursue side hustles—a term known as intrapreneurship. If you’re a leader at your company, consider the following. Increased Employee Happiness.

Salary 264
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Two in five people are working extra hours as cost-of-living crisis bites

Workplace Insight

Faced with declining real incomes and mounting expenses, almost half (46 percent) of respondents have taken on additional hours at work, one in five (19 percent) now has a second job for extra income, and one in three (34 percent) has been actively job hunting for a higher salaried role.

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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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Tori Dunlap, Founder of Her First 100K is on a Mission to Close the Gender Pay Gap

Success

I’m no stranger to setting lofty money goals : At 9 years old I became cognizant of the idea of college—a seemingly far-off milestone that my parents described as “important” and “expensive”—and decided I needed to proactively save money for my college education. Get familiar with your finances. Break free of debt.