Although inflation has started to fall, the Bank of England predicts businesses and employers will continue to feel the pinch well into 2024. Supporting employees will continue to be a top business priority with one in six employers saying the cost-of-living crisis poses the biggest threat to performance in 2023.
We’ve identified five key areas from the research and provided recommendations on how you can use the insight to shape your own strategy.
69% of HR leaders are planning to review pay and rewards.
Download the report to learn the key actions that HR teams can implement straight away to support employees in the year ahead.
Key recommendations include:
- Ensure pay and support is fair and transparent
- Evolve support from emergency response to sustainable interventions
- Rethink support through an employee experience lens
- Develop a plan to report on the impact of the cost-of-living crisis
Webinar report: How can local authorities get more children cycling to school?
Recently we hosted a fascinating webinar and virtual roundtable to support the launch of Select Home to school – the new scheme we’ve created with Halfords to help councils provide families with affordable, healthy and sustainable travel to school by bike.
How Edenred supports critical public social programmes
Although interest rates are expected to fall over the next year, the cost of living is still eye-wateringly high. Many people will likely require continued support through public social programmes. At Edenred we are proud to play a key role in this space.
Case Study: East Renfrewshire Council uses Select vouchers to support the most vulnerable
East Renfrewshire Council is responsible for supporting a community of just under 100,000 people who live south west of Glasgow. Over the past twelve months the housing and education teams have turned to Edenred to help provide financial support for vulnerable children and refugees by using its Compliments Select Platform.