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 experiencing greater cost of living pressures, 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 and reduce cost of living pressures to boost your engagement and retention goals in 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.
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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.
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.
7 Key Stats You Need to Build the Business Case for a Discounts Program
Want to offer cost of living support but don't have the budget for company-wide pay rises? It might be time to start building the business case for an employee discounts program.
Building the Business Case for Investing in Your People
Struggling to gain executive buy-in for your employee engagement initiatives? Our free eBook explores how you can overcome stakeholder challenges and build a strong business case.
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.
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:
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.
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