How HR Leaders can Combat the Rising Cost of Living this Festive Season
Did you know that 53% of Australian employees say that stress from cost of living increases is negatively impacting their work? Unfortunately, only a third of Aussie HR managers feel they are well-equipped to support the financial wellbeing of employees.
With high inflation and rising interest rates, Australians are set to see greater cost of living pressures this holiday season, impacting their productivity and engagement. While a business-wide pay increase might not be an option, there's a lot more that employers can do to mitigate rising costs of living for their people while also keeping business costs low, supporting and engaging their employees by introducing meaningful initiatives that will maximise their disposable income.
Below, we've pulled together some resources to help you make an immediate impact this holiday season and reduce cost of living pressures to boost your engagement and retention goals, both during the festive season and into 2024.
Reach out to us for more ideas on how to navigate cost of living challenges that we can quickly help you put in place.
Battle the Rising Cost of Living With Impactful Savings for Your People
Businesses are continuing to deal with the operational and financial impact of cost of living pressures amidst the War for Talent. Our eBook explores these pressures and provides innovative ideas on how to invest in your people with a limited budget.
Enhance Your EVP With Impactful Benefits & Rewards to Support Your People This Festive Season
With the festive season fast approaching and both business and household budgets feeling the pinch, many HR and Business Leaders around the country are looking for ways to celebrate their people without breaking the bank.
Understanding the True Cost of Christmas and the Festive Season for Employees
Our Director of Consultancy, Kylie Terrell, speaks to Aussie businesses every day about employee benefits and engagement. In this blog, she explores the unique financial pressures of the festive season and how HR leaders can help.
3 Ways to Provide Cost of Living Help to Employees this Festive Season
It’s no secret that Australians all over the country are struggling to absorb the extra costs in their budgets and reducing discretionary spending. In this blog, we share strategies that HR leaders can use to ease the pressure this festive season.
Your Holiday Guide to Building a Culture of Appreciation Through Technology
Reward and recognition from managers and peers is a top factor that helps raise employee engagement, wellbeing and job performance. The holidays are an especially important time to boost morale and motivate employees. But where do you start? Access our free resource to find out.
How to Support Employees in a Difficult Economic Climate
Discover how your organisation can proactively support employees, use benefits to make a real difference in your employees’ lives and put wellbeing at the centre of everything you do. Our free eBook explores how you can create a world-class employee benefits and wellbeing program.
Netwealth sees 180% ROI, with employees saving $35.9k in first year
As one of Australia’s leading wealth and portfolio management companies, Netwealth understands the power of an attractive employee benefits and discounts program, which is why they partnered with Reward Gateway in 2020.
Equifax employees save $50.5K in first year using Reward Gateway
After an employee survey revealed the number one desire for employees was retail discounts to help combat the cost of living, the Equifax HR team knew it was time to act, so they turned to Reward Gateway.
Support your people throughout cost of living increases with meaningful solutions
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:
1. Introducing an innovative employee benefits program to your people to stretch their disposable income
2. Peer-to-peer and manager-led recognition features to reinforce core values and create a culture of continuous and strategic recognition
3.Tailored communications tools to drive awareness and understanding of benefits on offer or important company goals.
Did you know that we can help you launch a new discounts program in as little as 48 hours? Introduce top offers from more than 500 leading Australian and New Zealand retailers to your people and provide immediate financial support, at a time when they need it most. Book a chat with us today.
