With millions under pressure to meet their most basic needs, Tesco, the UK’s biggest private employer, joined ALDI, LIDL and Sainsbury’s to fight against rising living costs by increasing staff wages. Similarly, in the company’s biggest pay increase for more than 20 years, BT offered their UK front-line workers a £1,500 pay rise.
Now more than ever, businesses are tasked to make an inclusive environment for their employees. Employee wellbeing should be at the top of the agenda for leaders throughout organisations.
Inflation affects everyone, but has a disproportionate effect on the employees most financially strained – so look out for your colleagues. Their pockets may be a little lighter than you think.