The Great Adjustment | Exploring the relationship between inflation and employment

How to support employees during a cost of living increase

HR leaders continue to face tough challenges that come with a state of constant change and evolving workforce needs - from navigating the cost of living crisis, standing out in a highly competitive recruitment landscape to staying connected to a dispersed workforce.

At Reward Gateway we talk about us now being in the era of 'The Great Adjustment,’ with HR leaders having to continuously adjust to new employee needs and redefine what flexibility means within their organisations.

As businesses continue to deal with the operational and financial impact of the War for Talent, increasing inflation figures are putting pressure on employers to also do more to support employee financial wellbeing.

"To put this into greater perspective, we can see that Inflation is now at 5.5%, a 30-year high in the UK, which has a significant impact on employees’ disposable income and living standards."