How will work benefits help hard-hit employees during inflation?

What will this mean to employees across the globe?

According to The Guardian, who cite research the IMF, there will be higher inflation especially in the USA, and slower global growth. The New York Times reported that experts have said that high inflation isn’t going to stick around because people built up savings for any emergency that could crop up, but others are more concerned. A fix for the situation seems to be employees asking their employer for a higher wage.

How does a total rewards and benefits platform help employers and employees during high inflation?

Put simply, employers need to offer their existing and perspective employees a comprehensive total rewards and benefits package that complements a decent wage, and this will ensure businesses keep the talent they have and attract and retain more talent. A total reward and benefits platform helps employers create an exceptional benefits and rewards experience while reducing benefits administration, automating processes, radically improving the communication of their employee value proposition and ensuring better data governance and management of benefits and rewards costs.

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Benify

Benify

Benify offers the market’s leading global benefits and total rewards platform. Engage your employees, anywhere, anytime. www.benify.com