The current global economic and political landscape is generating unprecedented challenges for employers. We are seeing employees and trade unions pushing for inflation-beating pay increases to cope with higher prices and increasingly seeking to reopen closed pay deals. Employers are also facing challenges from unions who are threatening industrial action unless pay deals reflect increasing inflation. This means that many sectors are facing the very real prospect of an autumn (and possibly a winter) of industrial discontent if demands are not met.
How should employers be responding? Are pay increases or a one-off lump sum the answer? Are there alternatives? Is the issue wider than the financial package – do issues around financial and mental wellbeing need to be considered as part of the support you could be offering to your workforce? How does your approach to the crisis sit with your ESG strategy?
These are just some of the questions we will be addressing at our webinar where we explore the current challenges facing employers in the UK and the legal and practical issues for them to consider as they develop their approach to the cost of living crisis.
The main webinar presentation will last 50 minutes, followed by a 10-minute online question and answer session.
This webinar will be of particular interest to HR professionals and in-house counsel.