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. 

 

 

Misconduct | Theft by employees rises as cost of living bites

Hard-up staff are increasingly stealing from their employers to make ends meet, according to new data released by insurer, Zurich.

Reward | Pay awards hit 32-year high

New data from XpertHR has revealed employers are willing to pay increasingly higher salaries to hold on to their talent – but that these levels have most probably peaked.

Pay | How to get payroll right in the cost of living crisis

From the relationship between finance and HR teams to the consequences of getting pay wrong, as employees feel the squeeze it’s crucially important businesses mind the pitfalls of payroll, finds Dan...

Personnel | Employee side hustles: what are the risks for employers?

An increasing number of employees are engaging in 'side hustles' as part of a portfolio career, a trend driven by the cost of living crisis, and a desire – perhaps triggered during the Covid-19...

Economics | Davos 2023 roundup: HR took central role at the World Economic Forum

The central role HR had at Davos 2023 shows the function is under increased pressure to help solve global social, political and climate issues, say HR experts.

Pay & reward | UK firms split on pay awards

A disparity in the percentage value of raises is growing in UK businesses, despite average pay awards remaining steady at 5%, according to new data.

Job market | Surge in over-60s candidates as cost of living bites

The number of over-60s registering as job candidates has surged, according to data from recruiter Randstad UK.

Pay | Average UK worker thinks 9% pay rise is fair for 2023

UK employees on average consider a raise of 9% to be a fair pay award for 2023, according to research.

UK recession | Real wage stagnation will deepen poverty in the UK

The UK economic crisis will see real wages remain below their Q1 2022 level until at least the end of 2027, leading to a long-term increase in poverty, according to research.

Cost of living | Government's trivial benefits a secret weapon for employees in cost of living crisis

Creative use of the government's trivial benefits scheme may prove a useful tool in helping employees through the cost of living crisis, according to an accountancy firm Ashton McGill.

Year in review | HR magazine most read 2022

As 2022 comes to a close, we've gathered the biggest news stories for our readers from across the year.

Catch up | Six ways to maximise HR’s return on investment in a downturn

With the economic climate shifting business’s priorities, HR budgets are usually first on the chopping block. But there are still ways HR teams can maximise budgets to make the most of what they’ve...