Consultancy

According to debt charity StepChange, money borrowed to finance Christmas could take years to repay.  Worries about debt led to a surge in enquiries to the charity as soon as the festive season was over.

It may seem counter-intuitive to offer your people support to plan for their exit from your business, but really, it is anything but. Offering retirement planning support can help your business recruit and retain talent, and gain an edge over your competitors.

As the cost-of-living crisis continues, I’m increasingly being asked by my clients and colleagues about the best ways to get people engaged with their benefits, to really ensure they’re getting the most value from them. And, just as crucially, how supporting people to engage with their benefits helps to improve your employee value proposition in today’s tough landscape.

When we think about what really drives a business forward, it’s not the lifeless elements. These things are important, but it’s the human aspects, the intellectual capital within an organisation, that will make the difference to how well your organisation weathers financial turbulence.

In these troubling times, it isn’t surprising that for some, workplace pension contributions are considered discretionary, and they are making the choice to opt-out.

In recent years we have seen many changes that widen the support around important employee lifecycle events, from shared parental leave to additional support around miscarriages.

Here are a five top tips for supporting the younger people in your workforce, and ensure that they remain productive in today’s tough financial environment.

When it comes to recession, employee retention plays a big part in minimising losses for your business.

Liz Truss’s government has clearly signalled its pursuit of economic growth. Today’s mini-budget, billed as the “Growth Plan”, contains tax cuts and deregulation, aimed at unlocking private sector investment, cutting red tape, reducing taxes and creating jobs.