Economic pressures heighten people and organizational risks. Here’s how to help.
How to respond to volatile change while helping employees make informed spending and saving decisions.
The persistence of COVID-19, the ongoing war in Ukraine, rising energy costs and unrelenting consumer demand are all pushing up prices: they surged 6.6% during the 12 months ending in March 2022, contributing to inflation that was more than three times the Federal Reserve’s target rate.
In addition, employers are paying more for talent, triggering wage inflation and adding to the existing strain on compensation budgets. For instance, 64% adjusted their budgets upward to accommodate merit (69%), cost-of-living (39%), general (30%) and step (13%) increases.
Taking a measured response to volatile change
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