Cost of living: resource round-up
The rising cost of living is affecting organisations and employees alike. To help HR departments navigate a challenging economic climate, XpertHR will be providing you with regular guidance and advice so you can approach the coming months armed with actionable insights.
Here is some of our most popular content around the cost of living.
Leading practice guidance setting out the business case for taking action on financial wellbeing, and steps for employers to follow to help ensure that their employees are in control of their money and feel confident in their financial decision-making.
Pay settlements have risen to their highest levels for 30 years, but most still fall short of inflation. We look at how the pressure on living standards caused by the cost-of-living crisis means employers are looking at other levers to support employees.
Rhiannon Byers, head of workplace and community programmes at The Money Charity, provides powerful and practical insights on the importance and impact of financial wellbeing.
A model letter to announce to your workforce that they will receive a bonus payment to help with the increase in the cost of living.
A model letter to inform your workforce that they will receive a pay rise to help with the increase in the cost of living.
Practical guidance on conducting a pay review (also known as a pay settlement or award), including negotiating with a trade union; gathering pay data; market rates; measuring inflation using the RPI or CPI; performance-based awards; and pay freezes.