WFH & recognition | 3 ways leaders can support staff through the cost-of-living crisis

The cost-of-living crisis – which has been “caused predominantly by high inflation outstripping wage and benefit increases and has been further exacerbated by recent tax increases”, according to the Institute for Government –  is a topic that we are hearing about a lot at the moment.

Whether it is at work, in the media or at the local supermarket, it is at the forefront of everyone’s mind lately. And with the prices of things going up, it is putting huge pressure on people’s financial and mental wellbeing.

While there are things that people might be doing in their personal lives to help money stretch a bit further – whether it’s being more frugal with grocery shopping, cutting back on luxuries or keeping an eye out on electricity usage – employees are also turning to their employers for a helping hand. So, how can leaders support their staff through the cost-of-living crisis? Below, Grapevine Leaders shares three strategies that leaders could adopt to help support employees through the cost-of-living crisis.

Allowing staff to work from home

One way that leaders can help to support the mental and financial wellbeing of staff is to allow employees to work from home. Alex Hattingh, Chief People Officer at Employment Hero said that, with the rise in office rent and travel cost, now could be a good opportunity for businesses to embrace remote-first working structures.