Reward strategies in the cost-of-living crisis
This is the key question posed by Dr Duncan Brown, principal associate at the Institute for Employment Studies, in his latest paper which outlines how employers can adapt their reward strategy during the cost of living crisis.
In this paper he sets out:
- Why employers should pay more, and why higher pay isn't driving a return to 1970s-style pay/price 'stagflation'
- The alternative employer model: invest and pay people more
- The shift required in government/employer orthodoxy towards higher, cost-of-living-related pay.