Cost of Living Webinar - 14th March 2023

Author

Damian Carnell
February 03, 2023

Cost of living Crisis 2023: The Employer’s Response

CORPGRO in association with Tapestry Compliance and Computershare would like to invite you to:

The Cost of Living Crisis 2023: The Employer’s Response Webinar 14th March 2023, 11am - 12pm GMT.

Alongside Damian Carnell Founder/Director of CORPGRO we are joined by:

Expert Panel and Agenda

Damian Carnell CORPGRP to introduce: Topic and Speakers

Q & A  

Closing Statement Damian Carnell

About the Event

The 2022 unprecedented pay-rise and inflation mismatch looks set to extend into 2023.

CASH:

  • Profile: one-off cash payments 2022

  • Flat rate pay rises

  • "Tilted" pay budget allocation

  • CBI and CIPD survey results

SHARES:

  • Share plan contribution adjustments

  • Sharesave payment holidays

  • Share sales from employee share plans

  • Information, education but not financial advice.

Few companies have fat pay budgets. In fact, many find it hard to fund increased payroll cost funded by uncertain future revenues. So, 2022 saw "One Off payments" to help square the circle. A flat, one-off, payment on top of below inflation wage rise, worth more to the lower paid.

Some mood music also suggests that one-off payments might be a magic balm to sooth some industrial disputes. In addition, recent CBI and CIPD surveys agree that one off payments will feature strongly in 2023.

Apart from current income, employees must manage their savings profile. Some may cut back; or even disinvest to ease current cash problems.

So, employee contributions to share plans and pensions may be under pressure. Pension drawdown or sale of employer shares might also be in the frame.

Money worries for employees link strongly to employee wellbeing. Stress and sub-optimal physical health lead to lower productivity and engagement. Helping employees through these difficult times is therefore both a moral and commercial issue.

CORPGRO Helps Companies With:

Please feel free to email or call:

Damian Carnell - [email protected] +44 (0) 7989 337118

VA Bec Bostock - [email protected]

Please share this CORPGRO information with your board or your colleagues.