The Knowledge Hub of IMD
FacebookFacebook icon TwitterTwitter icon LinkedInLinkedIn icon Email

Human Resources

How to help the workforce through the cost of living crisis

Published 8 June 2022 in Human Resources • 6 min read • Audio availableAudio available

Employees are facing a difficult few years as inflation pushes the cost of living out of reach. What does this mean for their employers, and should they step in to help?  

Workers across much of Europe are feeling the pinch. Soaring inflation, caused by factors including COVID-19 disruption to supply chains and the war in Ukraine, is fueling a cost of living crisis so severe that even employees on median incomes are struggling to get by. The fear is that the crisis will get worse before it gets better, plunging even greater numbers into financial hardship.

No more free articles.