How to remain an employer of choice during the cost of living crisis

Author: Chloe Thompson, Head of Content Strategy at Reward Gateway

Every HR leader wants their top talent to stay. But as the competitive talent market continues to challenge, and as many employees struggle with sharp cost of living increases, how do companies remain an employer of choice? Where do they find room in that ever-shrinking budget to support their employees through these tough times?

Not every company can afford double-digit pay increases to help employees keep up with inflation. So what are the most effective levers available to promote employee wellbeing, to provide much-needed employee benefits, to recognise and reward their contributions and to create a working environment employees will value and enjoy, despite the world’s troubles?

A spring 2022 study from Reward Gateway, an award-winning HR technology company, asked 3,800 employees and senior HR decision-makers from companies across the UK, Australia and the U.S. what they are going through and how workplaces can help.

So what are employees’ top needs? What would make them stay, or choose one organisation over another, maybe even one that pays better?

Click here to discover the answers.