Global employee turnover rates have reached over 40%. In the UK, the CIPD says our rate is lower at around 35% – but that doesn’t alter the fact that UK employee turnover has still increased by 7.7% in the last four years.

Many employers have developed more robust employee value propositions over recent years – introducing everything from retail discount programmes to financial advice services, gym memberships and cycle to work schemes.

Analysis of the spring budget indicates 2024/25 will continue to pose financial problems for individuals and the country as a whole. Public sector HR teams must review support for employees who will face personal financial challenges, plus the prospect of delivering services with fewer resources.