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. 

 

 

Financial wellbeing | How can HR departments support younger employees to save money? 

Economic uncertainty has illustrated the need for HR departments to support employees’ financial wellbeing.

Employee benefits | Financial wellbeing support: Where is the boundary for employers?

The employer-employee relationship is one of the most important financial relationships. With the recent period of high inflation and ongoing economic uncertainty, many workers find themselves in...

Politics | “Bland” Spring Budget a flop for HR

Chancellor Jeremy Hunt’s Spring Budget has gone down poorly with employment experts, who have criticised its narrow focus on personal tax cuts and “bland and beige” policies.

Cost of living | 'Loud budgeting' is trending – here's what HR can learn

There’s a reason trends go viral. It’s because they tap into the zeitgeist and vocalise something lots of us are thinking. This is certainly the case with 'loud budgeting'. 

Legislation | Employment tribunal fees may be re-introduced

The government has proposed plans to introduce fees at employment tribunals in a move it said will claimants and employers to reach a settlement.

Cost of living | Young people turning down jobs over transport and uniform costs

Research found 5% of young people who are unemployed had to turn down a job because they cannot afford the costs to start, including rent, transport or uniform, according to NatWest and the Prince’s...

Pay | Earned Wage Access could calm money worries, CIPP says

As the cost of living crisis continues, the Chartered Institute of Payroll Professionals (CIPP) is calling for employers to use Earned Wage Access (EWA) payroll to ease financial pressure on...

Poverty | Millions fall further below poverty line

Nearly two thirds (64%) of adults in poverty lived in working households from 2021 to 2022, an increase of 3% from the previous year, according to the Joseph Rowntree Foundation (JRF).

Pay and reward | Brewdog scraps real living wage commitment

Brewdog has announced it will stop paying the real living wage to new employees.

Pensions | How to motivate mid-life employees to save for retirement

Visualising retirement is key to maintain pension saving for employees aged 45 to 54, according to thinktank Phoenix insights.

New Year | HR predictions for 2024

As a new year approaches, we asked people professionals what their top four predictions are for 2024.

Christmas | 12 Months of 2023: June

In June, second jobs were on the rise as employees felt the pinch, big firms payroll was hacked and a study revealed one in five fathers don’t take paternity leave.