Prices are now beginning to rise in the UK. Council tax, energy bills (water bills), and car tax are all examples.
As we can see, the rise in cost of living has a negative impact on mental health. New data from Tiger Recruitment’s study shows worrying patterns in the UK when it comes to burnout awareness.
Tiger Recruitment’s 2025 Salary and Benefits Review reveals that burnout has now become the fourth most popular reason for employees to leave their jobs. Salary dissatisfaction is another of the main reasons.
Since the Spring Statement of Chancellor Rachel Reeves, the cost-of-living has increased, as well as the demand for better employment benefits. Tiger Recruitment revealed that while satisfaction with work benefits was at 15% in 2022 and 2023 it dropped to 9% by 2024.
David Morel is the founder and CEO of Tiger Recruitment. He has revealed the five benefits that workers are looking for in their workplaces to help them cope with the rising cost of living.
What should employees ask for? Here are five benefits to help employees cope with the rising costs of living.
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Pay rises and regular pay reviews to match inflation
David stated: “From the 1st of April, the minimum wage has increased by 77p, to PS12.21. This will increase costs for employees as well as business owners, who may raise their prices. It is important to have a conversation about inflation-matching pay increases as soon as possible. The number one factor that keeps employees in their jobs is regular salary reviews.
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Remote and Flexible Working Options
David stated: “Our report shows hybrid working will be here to stay. In 2024, just under half of employees (48%) will split their work hours between office and home. However, 21% of employees still want more flexibility. This could reduce the cost associated with childcare and travel costs, as well as the commute to work.
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Travel and Food Cost Support
David continued: “If employers are choosing to keep their employees at the office longer, they must find a budget to cover workers’ daily expenses.” Some employers offer subsidised travel passes or free breakfasts or lunches in order to reduce expenses .”
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Strong Pension Plans
David said: “Since Spring Budget was announced, we have noticed that the search category ‘Retirement and Pension’ is at an all time high in the UK. This shows the importance of retirement plans to employees. As part of their employee benefits, every business must provide a workplace retirement plan. The amount of money that businesses are allowed to contribute, and whether or not they match pension contributions, will determine how much pressure older professionals feel when trying to save and keep costs low.
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Mental Health Support and Health Care Schemes
David stated: “We are aware that illnesses at work cost the UK economy an astounding PS400 million per week. Employers must support the physical and mental well-being of their employees. Employees will receive an allowance for everyday healthcare costs, such as dental checks, glasses, physiotherapy, and mental health support, when they have health care plans.
The original version of this article, Recruitment expert Reveals Five Key Benefits for Employee to Manage Rising Living Costs, appeared first on Human Resources News.
