In today's economic climate, many team members may be feeling the pinch of the rising cost of living. As an employer, it's crucial to find ways to support your staff and ensure they feel valued and secure. Here are some effective strategies to help.

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1. Recognise and reward employees

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As the cost of living increases, many must restrict the amount of money spent on the things they enjoy the most. It’s for this reason that rewarding your employees with a versatile gift that’s catered specifically to their interests can be a meaningful way of showing them you care. With a Smart eGift Card like those offered at Prezzee, employees can choose from a wide range of food, retail and adventure experiences – all things they may have put on hold otherwise. By rewarding your team with a personalised gift, it will give your employees the well-needed boost in their week, and give them another reason to look forward to their weekend.

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2. Motivate employees with a meaningful bonus

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A bonus is always appreciated, but gifting a bonus that makes a meaningful dent in their rising costs of living is something that can make a lasting difference. A particularly thoughtful way to show your employees that you care during times of economic hardship is with a gift card to Bill Fairies. Employees can use a Bill Fairies eGift Card to pay off a variety of bills and expenses such as internet, gas, electricity, and even school fees. This gesture can help them manage their expenses and feel valued at the same time.

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3. Promote physical and mental wellbeing

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When your team is working on a big project or has a lot going on at home, it can be hard for them to find the time for their physical and mental health. Show your employees that their health comes first by surprising them with the gift of wellbeing. This might look like starting a regular lunchtime yoga class in the park, stocking regular healthy treats in the office kitchen, or gifting each employee with a wellness experience of their choice via a Health & Wellness eGift Card. Whether wellness means buying that new gym accessory they’re after or grabbing some new books for their well-needed reading break, a Health and Wellness eGift Card will help them find their zen.

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4. Remind your employees that they’re physical and financial wellbeing always comes first

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The rising cost of living has affected a lot of Aussies in significant ways, and has forced many to compromise on the things they might normally enjoy. It’s important to remind your employees of how much they are valued as part of your company. Whether it’s something as large-scale as a work policy change or something as small but meaningful as an employee gift, every act of appreciation will help in improving the wellbeing of your employees during difficult times.

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