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How is the cost-of-living crisis affecting what employees want from their benefits packages?

Employee Benefits

The cost-of-living crisis has employees demanding pay rises in line with inflation, but many employers are unable to afford this long-term. Benefits that support financial wellbeing and education, including day-to-day budgeting and discounts, can help pay stretch further without raising pay.

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5 ways to attract and retain (without increasing base pay)

Achievers

In the 7th annual Engagement and Retention Report from Achievers Workforce Institute, the number one reason employees gave for job hunting in 2024 is better compensation. What does that mean for business leaders who need to attract, motivate, and retain with tight payroll budgets? What are non-financial incentives?

Insiders

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Mitie focuses on front-line reward as cost-of-living crisis mounts

Employee Benefits

Strategic outsourcing and energy services business Mitie has tight margins, but still sees the importance of protecting and supporting front-line staff during difficult periods, meaning it has to focus on benefits that are affordable for the business, but make a real difference to employees.

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Why are over-50s leaving the workforce?

Enjoy Benefits

There’s been a marked increase in older workers leaving employment, what one tabloid has called the ‘silver exodus’. This post takes a closer look at this recent phenomenon, the reasons behind it, and how you can address it if it’s affecting your business. What’s behind the ‘silver exodus’? Should employers be worried?

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How sustainable are employers’ pay strategies?

Employee Benefits

Alongside one-off payments and pay rises, employers may want to consider investing in a long-term strategy to ensure the financial wellbeing of their employees. Alongside one-off payments and pay rises, employers may want to consider investing in a long-term strategy to ensure the financial wellbeing of their employees.

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How to structure a total reward strategy

Employee Benefits

An employer’s total reward strategy should be a combination of all the reward, benefits and development components that it offers to staff. Collecting employee feedback is key to structuring a total reward strategy and offering benefits that appeal to an entire workforce. So, how can employers achieve this?

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Learn to Make Fun a Priority at Work: National Fun at Work Day

Employee Benefits

Many studies show that happy employees are more productive and healthier, improving team collaboration, creativity and much more. Why are Happy Employees Vital for Business? National Fun at Work day looks to spark a positive work culture that benefits the team and the business. Why is National Fun at Work day so important?