With 4 in 10 UK employees labelling money as their biggest worry, 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 to win the War for Talent, employers everywhere 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 significantly lower their day-to-day costs.
To help, we've put together resources to plan your strategy, full of inspiration from others 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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Not sure where to start? Learn more about revamping and repackaging your EVP and overall rewards offering to support your employees:
Exploring the relationship between inflation and employment
Get an in-depth look at how rising costs are impacting employees' day-to-day lives, and the lives of HR to prepare for what's ahead.
6 Steps to Launch an Employee Discounts Scheme
Learn how to put in place a cost-effective, high-impact employee discounts programme from start to finish.
How to Support Employees in a Difficult Economic Climate
Discover new ideas for stretching valuable take-home pay for your people, while keeping business costs low.
How to Invest in Your People With a Limited Budget
With inflation on the rise, learn how you can introduce cost neutral initiatives to ease cost of living burdens for your employees.
How a powerful benefit can make the world a better place to work
With an increased salary at the top of employees' lists, what can employers do to attract and retain talent if a big pay rise isn't an option? See how meaningful and relevant financial benefits can help you retain your people.
6 creative & high-impact ways to support employees financially
Running out of ideas on how to financially support your employees? Explore creative ways companies have responded to employee feedback to make their people's lives a little easier.
Improve employee financial wellness with big savings in 8 key categories
Looking for more ways to support employees' financial wellbeing? Discover how to extend employees' disposable income in these 8 essential areas.
Discover how companies of different sizes and in different industries put in place innovative initiatives to reduce the cost of living for their people:
The Book of Engagement Success
Uncover how Reward Gateway clients track ROI of their programmes to deliver measurable results to their business with powerful stories from companies of all sizes.
Consolidating Systems to Drive Increased Engagement and Improve the Employee Experience
See how changing and consolidating benefits providers led to increased engagement for an offline workforce, resulting in over £100k in savings for employees.
Helping a National Charity Future-Proof Benefits and EVP
Learn how Royal British Legion successfully engaged its 1,700-strong mainly offline workforce by centralising benefits on offer in one place and how it helps reduce HR administration.
Financial Organisation Improves Communications to Drive Benefits Uptake and Employee Satisfaction
See how the team at St. James's Place Wealth Management used fresh branding and clever communications to bring more awareness to new offerings for its people, resulting in 71% of all employees registered in just one week!
Ready to offer your people the support they need, and the extra push to stay with your company? Browse our products and introduce low-cost, impactful solutions today:
An unbeatable employee discounts programme that saves your people money every day at 900+ retailers.
Support your employees with free financing on essential whitegoods and tech products from Currys PC World.
Enhance your employee wellbeing programme with a dedicated hub packed with practical tools, info and resources.
Give the choice of more annual leave or more take-home pay to suit your employees' individual needs.
Total Reward Statement
Help your people understand their full benefits package at a glance with a Total Reward Statement.
The best way to serve up benefits your people will love? Ask them what they want! Use pulse-style surveys or expert survey templates to guide your strategy.
We hope you've found some new ideas for how to creatively support your employees during difficult financial times. Reward Gateway can help ease the burden of the cost of living increases through our extensive suite of solutions to: