The Cost of Living: How affected are employees
The Royal College of Psychiatrists has sounded the alarm bell this month, and warned that the Cost of Living crisis “poses a threat of pandemic proportions”.
Indeed, many employees are now struggling to meet their day-today financial needs, and businesses are under increasing pressure to adjust pay and support for their people.
Join Bippit, Champion Health, and a very special guest on Thursday 21st July at 11am as we explore the impact of soaring inflation for businesses in the UK and beyond.
📅 Thursday 21st July
⏱️ 11am (UK)
Reserve your place…
Despite the progress that’s been made in recent years to reduce the stigma 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 Cost of Living becoming a crisis for tens of millions of ordinary workers, the conversation around financial wellbeing and mental health has never been more important.
During the session, our expert panel we will discussing:
- The Cost of Living situation right now
- How affected are employees?
- The impact to businesses
- The ways in which pay and support is adapting
- 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 stay competitive in the market.
The questions that are front of mind for most businesses right now are, what is the best way to look after our people, and keep them safe and secure, while also staying competitive in the jobs market? Should salaries be increased to respond to the needs and demands of employees? Is it a case of introducing more effective, and more valuable, benefits to attract and retain the best talent? 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 overall compensation is as attractive as possible, is one of the biggest levers that businesses have in the jobs market. 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.
📅 Thursday 21st July