Cost of living Learning Hub

There are workers up and down the country grappling with the rising cost of living, amid souring energy bills and inflation rates. This learning hub pulls together the latest news, features and comments on the topic, providing HR with top tips on how it can help its people. 

 

 

Cost of living | CEO pay up by half a million despite continuing cost of living crisis

FTSE 100 CEO pay increased by 16% between 2021 and 2022, according to research from thinktank the High Pay Centre.

Pay | Sunak: pay rises must follow increase in productivity

Prime minister Rishi Sunak said pay rises should be “sustainable” and come only as rewards for productivity, following data from the Office for National Statistics (ONS) which showed a record pay...

Pay | Senior HR disconnected from employee money worries

Only 3% of senior HR professionals worry about money every day, compared to almost a quarter (22%) of UK employees, according to financial wellbeing service Bippit.

Employment law | Are side hustles a threat to employment?

Side hustles refer to an individual's secondary source of income, ranging from part time jobs taken in their spare time, such as working in a pub on weekends, to starting up their own business or...

Insecure work | Cancelled shifts leaving workers out of pocket

A third (33%) of shift workers face an ‘insecurity premium’ as a result of cancelled or last-minute shifts, according to new research from the Living Wage Foundation.

Pay | Real wages rise for first time in 18 months

A sharp drop in the rate of inflation has given UK workers their first real-terms pay rise in 18 months.

Cost of living | Interest rates rise again; HR called on for support

The latest Bank of England interest base rate rise should have HR teams thinking about the financial and wellbeing support they offer staff, experts say.

Catch up | What you missed day one CIPD 2023 Festival of Work

The CIPD 2023 Festival of Work returned to Olympia London on 7 June. Here are some of the highlights and what you may have missed from day one of the event. 

Redundancies | A quarter of UK organisations to make redundancies in 2023

A quarter (26%) of UK organisations said they are likely to make redundancies in 2023, according to new research from HR consultancy Ayming UK.

Cost of living | In-work poverty grew by 1.5 million since 2010

The number of people in working households who are living below the poverty line is 1.5 million higher than in 2010, according to new data.

Cost of living | Cost of living crisis has changed culture in SMEs

Almost all (99%) SMEs have said they have noticed behavioural changes across their team as a result of financial constraints in the last six months.

Cost of living | Work expenses driving employees into debt

More than two thirds (67%) of employees surveyed are having to pay for work expenses with their own money at least once a week, according to new research.