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How you can stretch salaries further without bleeding the bottom line

How you can stretch salaries further without bleeding the bottom line

One in four UK workers say that money worries have affected their ability to do their job, according to a CIPD survey published January 20171. Financial anxiety is not just confined to low earners – one in five people earning over £45,000 a year were also found to be suffering the effects. This comes as UK workers have experienced the biggest fall in real wages among leading OECD countries – TUC analysis2 shows that between 2007 and 2015 wages in the UK fell by 10.4%. During the same period wages grew in Poland by 23%, in Germany by 14%, and in France by 11%.

Businesses are under pressure to do more with less – and added to that there is an unusually high level of uncertainty about the global economic climate. According to Bersin Deloitte’s recently published 2017 workforce predictions, there are a number of key factors that are likely to impact today’s modern workplace. One of these is the need to focus on human performance, with wellbeing becoming a critical part of HR, talent and leadership. 

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