Talk Money Week: Adapting employee support for the Cost of Living

Against a backdrop of soaring inflation, flip flop economics from the government, and global instability, many employees are struggling to meet their day-to day financial needs.

One in four full-time employees are now working extra jobs according to PwC, and more than half admit to being stressed about their finances on a daily basis.

Join Bippit, Plumm, and Clare Seal on Wednesday 9th November at 11am as we explore the impact of these financial pressures on the wellbeing of employees, and what businesses can do to support their people over the coming months and years.

📅  Wednesday 9th November

⏱️ 11am (UK)

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Despite the progress that’s been made in recent years around mental health in the workplace, the vast majority of workers are still very reluctant to discuss their money worries.

The truth is, money is still a taboo subject, and with the UK government creating uncertainty around the Cost of Living, normalising the conversation around our finances has never been more important.

During this session, our expert panel we will discussing:

  • Why there is so much uncertainty right now
  • How the Cost of Living is impacting employees
  • Why financial stress is the elephant in the room
  • How we can create psychological safety to talk about money
  • What can be done to adapt pay and support
  • How businesses and employees can thrive

    With living costs continuing to surge, employees are increasingly worried, and unsure where to turn. With the reasons ranging from fear of discrimination, and feelings of shame, to a lack of trust. At the same time, businesses everywhere are under pressure to adjust their compensation and benefits for employees, to retain their best talent and look after their people.

    The questions that are front of mind for most businesses right now are, how can we support their financial wellbeing and look after their mental health at the same time? Should salaries be increased to respond to the needs and demands of employees? Is it a case of introducing more effective, and more personalised support? Or is it simply a case of maintaining our existing policies?

    The truth is, the world of work has experienced a huge shift in recent years, with more power now lying in the hands of employees. Those searching for a new role or exploring their options in 2022 expect the best support, not just the best salary.

    This means, ensuring that compensation is not just a number, but rather a culture of care. The good news is that financial wellbeing support, and effective mental health support strategies, can help employees make the most out of their salary, and feel more settled and secure.

    📅  Wednesday 9th November

    ⏱️ 11am (UK)

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