No time to lose | Bosses need to step up and help their staff NOW

As the cost-of-living crisis rages on, new research by Blackhawk Network has uncovered that only five per cent of employees think their employer is doing enough to help them.

And this has serious consequences from a business as well as a societal perspective, because a whopping 63% of employees would leave their current job in order to find one that offers more financial security during the current crisis. The message for employers is clear: if you don't want to lose your staff, you need to act efficiently to help them - now.

And of course, as well as a business imperative, there’s a moral imperative here. With inflation and bills soaring, a survey by YouGov of 2,001 people commissioned by the Royal College of Physicians (RCP) found 55% felt their health had worsened owing to issues such as higher heating and food. Separate research by the Building Societies Association (BSA) found that more than six in 10 of the over 2,000 adults described their bills and credit commitments as a “burden”. Almost 27 per cent of employees generally said that money worries have affected their ability to do their job, according to reporting by iNews.

The importance of employee benefits