Money is tight. Different circumstances ranging from the ongoing war in Ukraine to post-Covid inflation levels to UK interest rates rising to 3% (the highest since 2008) have employers and workers alike asking: what can be done to ease the pressure? Ideally, a one-off bonus payment is most impactful for employers and most cost efficient for employees, which is probably why 15% of UK companies are planning, or have already paid, such a bonus. But how can smaller companies and those facing cash flow issues support workers? Thinking outside the box and tailoring a non-financial package to each staff member…
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