Innovating your benefits strategy to balance financial wellbeing within your organisation
As we settle into 2025, the ongoing cost of living crisis and economic volatility continue to strain both employees and employers, with many employees facing heightened financial insecurity. Employers are also grappling with the changes in the new Employment Rights Bill and rising operational costs, including higher national insurance contributions, increased minimum wage requirements, and declining profits. This creates a difficult balancing act: how can employers support the financial wellbeing of their workforce without necessarily giving wage increases that aren’t feasible?
The CIPD Reward and Benefit Conference 2025 showed delegates how they can offer a diverse, affordable benefits suite that maximises impact and engagement, while remaining mindful of budgetary constraints. Delegates heard from leading experts on how employers can creatively structure their benefits offerings to strike the right balance between supporting employees’ financial wellbeing and maintaining organisational sustainability in uncertain economic times.
