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Five strategies to help tackle the impact of global inflation on the workplace

With high rates of inflation and local market factors in play, maintaining a workplace that attracts, supports, and retains talent may seem like an expensive and complex undertaking, but it doesn’t have to be.

We’ve identified several strategies employers may use to deal with shrinking budgets without actively reducing their workforce and potentially boosting employee retention at the same time.

  • Understanding that more isn’t always better when it comes to benefits and that certain benefits may yield a higher return on spend. 
  • Considering alternative ways of enhancing compensation beyond a standard pay raise with an employee stock plan and/or a cost-of-living adjustment.
  • Adopting a 'Total Rewards' strategy & experience may encourage employees think about workplace rewards beyond just take-home pay.

Download the full report to read more about the impact of inflation on global employees and five detailed strategies employers could consider utilising today.

This information is for scheme sponsors’, trustees’, their advisers’ and consultants’ use only and should not be relied upon by individual investors.

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