With high inflation and rising interest rates, Australians are more concerned with their financial wellbeing than ever before, and it's no surprise that so many are looking to move employers in the hopes of a chunky salary rise. And in an already competitive market, Aussie businesses are facing challenges to attract and retain employees when a business-wide pay increase isn't an option. But there's more that employers can do to mitigate rising costs of living for their people, while also keeping business costs low, to support and engage their employees by introducing meaningful initiatives that will maximise their disposable income.
To help, we've put together resources to plan your strategy and tools to help you get ahead of the cost of living increases to boost your attraction and retention goals, now and in the future.
Reach out to us for more ideas on how to navigate the cost of living crisis that we can quickly help you put in place.
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4 Steps to Reduce the Cost of Attrition
Today's market is more competitive than ever, and employers are faced with the difficult reality that many employees are actively looking to move jobs. While turnover can pose great costs for your business, many of the causes of employee churn are preventable. Discover four top tips to prevent employee turnover in this eBook.
Boosting Employee Income and Wellbeing
The last few years have brought employees' mental and physical wellbeing into the spotlight, and employees expect more support from their employers. Uncover cost-effective ways to improve mental health and extend employees' disposable income to stand out as an employer of choice.
5 signs your employees need a financial wellbeing program
In this difficult economic climate, employees are feeling the pressure to find jobs that offer financial security and other benefits. Employers are looking for ways to keep their people happy and engaged, and a holistic support model is one that includes financial wellbeing. Find out the top indicators that employees are wanting more financial support in this blog.
3 simple ways to support your people
Recent financial shifts have left the majority of Australians scrambling to figure out how this will impact their lives and where they'll need to make sacrifices to make up for this change. Amidst high levels of stress, employers have an opportunity to impact employees' lives and support them through this tough time. Discover what you can do to help your employees with these three tips.
6 creative & high-impact ways to support employees financially during cost of living increases
Rising inflation and increases in production costs have made it challenging for employers to provide significant pay rises, but a pay rise isn't the only way to support your people financially. Discover creative ways other companies have responded to employee feedback and eased some of employees' financial burden.
6 Essential Steps to Launch an Employee Benefits Program
Offering an employee benefits program that has a meaningful impact on your employees' day-to-day lives is a great start, but how do you choose the one that's right for your business and, more importantly, ensure its ongoing success? Learn how you can launch your own program through tried-and-true best practice in this eBook.
Wealth management powerhouse creates a seamless benefits experience to achieve 180% ROI
Netwealth is a leading wealth and portfolio management company in Australia with 500 employees across multiple divisions. Discover how the company developed a dynamic benefits offering to meet employees' unique needs and drive employee retention.
Fuel, convenience and food services organisation unites employees after a merger and acquisition
EG Australia is part of the global Euro Garages (EG) Group, which has over 6,000 fuel, convenience and food services sites around the world. Learn how the organisation united its dispersed workforce after an acquisition and improved its EVP using an all-in-one employee engagement platform.
Insurance company uses employee benefits and reward and recognition to reinforce their commitment to being an employer of choice
Hollard is a family-owned insurance company committed to providing its 400 employees with the best benefits. Uncover how the company revamped its approach to employee benefits, reward and recognition and communications to stand out as an employer of choice.
Global consulting firm builds a compelling EVP through relevant and accessible employee benefits
Accenture is one of the largest global consulting firms with more than 4,500 employees based around Australia. Learn how the company adapted its range of benefits to meet employee expectations and deliver more relevant and personalised benefits.
During times of financial uncertainty, employers shouldn't sit on the sidelines. Your people are looking to your organisation to support them in easing their day-to-day burdens and making them feel appreciated. With Reward Gateway, you can learn more about:
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