{"id":4140,"date":"2022-08-15T08:05:14","date_gmt":"2022-08-15T13:05:14","guid":{"rendered":"https:\/\/www.employco.com\/blog\/?p=4140"},"modified":"2022-08-19T15:55:32","modified_gmt":"2022-08-19T20:55:32","slug":"hr-newsletter-how-employers-are-responding-to-record-high-inflation","status":"publish","type":"post","link":"https:\/\/www.employco.com\/blog\/2022\/08\/15\/hr-newsletter-how-employers-are-responding-to-record-high-inflation\/","title":{"rendered":"HR Newsletter: How Employers Are Responding to Record-High Inflation"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.employco.com\/images\/blog\/Blog_Inflation-Rising.jpg\" \/><\/p>\n<p>The U.S. inflation rate has increased by 9.1% year over year, according to the Bureau of Labor Statistics (BLS). The BLS also reported that this is the highest the inflation rate has been since 1981. This has led to significant price increases across many consumer goods, and employers are responding in various ways. As employees face increased financial difficulty during this time, it has become crucial for employers to respond. While every employer may take a different approach to addressing inflation and its impact on their employees, the following are some common strategies that have emerged.<\/p>\n<ul>\n<li><strong>Reevaluating Employee Benefits<\/strong> &#8211; In response to inflation, many employers are altering their benefits offerings to help mitigate the effects employees are facing. For example, employers are offering options such as student loan repayment to help employees with budgeting and expenses at a time when prices are high and employees are looking for ways to cut costs.<\/li>\n<\/ul>\n<p><!--more--><\/p>\n<ul>\n<li><strong>Continuing Remote Work<\/strong> &#8211; Offering remote and hybrid work schedules is another way employers are coping with soaring inflation. Reducing the amount of time employees spend in the office helps cut back on expenses such as gas or other transportation expenses that come with commuting. It can also help decrease the cost of day-to-day things such as buying lunch or coffee at work.<\/li>\n<\/ul>\n<ul>\n<li><strong>Increasing Compensation<\/strong> &#8211; Many employers are considering pay increases to offset record inflation rates. According to data released by Gartner, 63% of executives plan to make compensation adjustments in response to high inflation. Of course, it may not be feasible for many employers to match salary increases to the current rate of inflation. For some, the alternative would be implementing smaller increases that align with their respective budgets. Employers plan to raise salaries 4.1% in 2023, according to WTW Salary Budget Planning Report.<\/li>\n<\/ul>\n<ul>\n<li><strong>Offering Retirement Benefits<\/strong> &#8211; Some employers are increasing education efforts surrounding retirement options. Retirement plans are often quick to be cut during times of financial difficulty, so employers who are promoting those benefits are likely to be viewed more favorably by current and future employees. In times of financial uncertainty, employees value employers that make an effort to ensure their stability; heightening the conversation around retirement options is a great way prove to employees that an employer cares.<\/li>\n<\/ul>\n<p>Inflation is at record-high levels, and its impact on employees has led employers to respond in various ways. From altering benefits offerings to increasing salaries, employers are responding to inflation in ways that are geared to help their employees during this time. For more inflation-related content, <a href=\"mailto:jeisenhut@employco.com\">contact us<\/a> today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. inflation rate has increased by 9.1% year over year, according to the Bureau of Labor Statistics (BLS). The BLS also reported that this is the highest the inflation rate has been since 1981. This has led to significant&hellip;  <\/p>\n<p class=\"more-link\"><a href=\"https:\/\/www.employco.com\/blog\/2022\/08\/15\/hr-newsletter-how-employers-are-responding-to-record-high-inflation\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31],"tags":[],"class_list":["post-4140","post","type-post","status-publish","format-standard","hentry","category-hr-newsletter"],"featured_image_src":null,"author_info":{"display_name":"Employco USA","author_link":"https:\/\/www.employco.com\/blog\/author\/employcousa\/"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>HR Newsletter: How Employers Are Responding to Record-High Inflation - Employco Blog<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.employco.com\/blog\/2022\/08\/15\/hr-newsletter-how-employers-are-responding-to-record-high-inflation\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"HR Newsletter: How Employers Are Responding to Record-High Inflation - Employco Blog\" \/>\r\n<meta property=\"og:description\" content=\"The U.S. inflation rate has increased by 9.1% year over year, according to the Bureau of Labor Statistics (BLS). The BLS also reported that this is the highest the inflation rate has been since 1981. This has led to significant&hellip; Continue reading &rarr;\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.employco.com\/blog\/2022\/08\/15\/hr-newsletter-how-employers-are-responding-to-record-high-inflation\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Employco Blog\" \/>\r\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Employco\" \/>\r\n<meta property=\"article:published_time\" content=\"2022-08-15T13:05:14+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2022-08-19T20:55:32+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/www.employco.com\/images\/blog\/Blog_Inflation-Rising.jpg\" \/>\r\n<meta name=\"author\" content=\"Employco USA\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:creator\" content=\"@employco\" \/>\r\n<meta name=\"twitter:site\" content=\"@employco\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Employco USA\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.employco.com\/blog\/2022\/08\/15\/hr-newsletter-how-employers-are-responding-to-record-high-inflation\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.employco.com\/blog\/2022\/08\/15\/hr-newsletter-how-employers-are-responding-to-record-high-inflation\/\"},\"author\":{\"name\":\"Employco USA\",\"@id\":\"https:\/\/www.employco.com\/blog\/#\/schema\/person\/9c5a99be12eccf56ad10d0301c213414\"},\"headline\":\"HR Newsletter: How Employers Are Responding to Record-High Inflation\",\"datePublished\":\"2022-08-15T13:05:14+00:00\",\"dateModified\":\"2022-08-19T20:55:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.employco.com\/blog\/2022\/08\/15\/hr-newsletter-how-employers-are-responding-to-record-high-inflation\/\"},\"wordCount\":431,\"image\":{\"@id\":\"https:\/\/www.employco.com\/blog\/2022\/08\/15\/hr-newsletter-how-employers-are-responding-to-record-high-inflation\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.employco.com\/images\/blog\/Blog_Inflation-Rising.jpg\",\"articleSection\":[\"HR Newsletter\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.employco.com\/blog\/2022\/08\/15\/hr-newsletter-how-employers-are-responding-to-record-high-inflation\/\",\"url\":\"https:\/\/www.employco.com\/blog\/2022\/08\/15\/hr-newsletter-how-employers-are-responding-to-record-high-inflation\/\",\"name\":\"HR Newsletter: How Employers Are Responding to Record-High Inflation - 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Notably, the number of quits increased to around 4,536,000 in March, up from approximately 4,384,000 in February. The BLS defines a quit as a \u201cvoluntary separation initiated by the employee.\u201d March\u2019s quits rate\u2026","rel":"","context":"In &quot;HR Newsletter&quot;","block_context":{"text":"HR Newsletter","link":"https:\/\/www.employco.com\/blog\/category\/employco-in-the-news\/hr-newsletter\/"},"img":{"alt_text":"Employee Quits Reach Record High","src":"https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/Blog\/May2022_Quit.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/Blog\/May2022_Quit.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/Blog\/May2022_Quit.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/Blog\/May2022_Quit.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/Blog\/May2022_Quit.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":4212,"url":"https:\/\/www.employco.com\/blog\/2022\/09\/14\/hr-newsletter-job-openings-rise-in-july-with-employee-quits-trending-down\/","url_meta":{"origin":4140,"position":1},"title":"HR Newsletter: Job Openings Rise in July, with Employee Quits Trending Down","author":"Employco USA","date":"September 14, 2022","format":false,"excerpt":"The U.S. Bureau of Labor Statistics (BLS) recently released its July Job Openings and Labor Turnover Summary. The month\u2019s reported number of job openings rose to 11.2 million in July, compared with 11 million in June. Openings in July were well above the estimate and still outnumbered unemployed workers by\u2026","rel":"","context":"In &quot;HR Newsletter&quot;","block_context":{"text":"HR Newsletter","link":"https:\/\/www.employco.com\/blog\/category\/employco-in-the-news\/hr-newsletter\/"},"img":{"alt_text":"U.S. Bureau of Labor Statistics (BLS)","src":"https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/Blog\/September2022_BLS.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/Blog\/September2022_BLS.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/Blog\/September2022_BLS.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/Blog\/September2022_BLS.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/Blog\/September2022_BLS.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":4370,"url":"https:\/\/www.employco.com\/blog\/2022\/12\/14\/hr-newsletter-3-hr-trends-to-monitor-in-2023\/","url_meta":{"origin":4140,"position":2},"title":"HR Newsletter: 3 HR Trends to Monitor in 2023","author":"Employco USA","date":"December 14, 2022","format":false,"excerpt":"Employment and labor responsibilities continue to be reimagined, and employers should expect changes to continue in the new year. Here are three HR trends to follow in 2023: Increased Wages - There are more open jobs than people to fill them, and high inflation rates are impacting employees\u2019 pay expectations.\u2026","rel":"","context":"In &quot;HR Newsletter&quot;","block_context":{"text":"HR Newsletter","link":"https:\/\/www.employco.com\/blog\/category\/employco-in-the-news\/hr-newsletter\/"},"img":{"alt_text":"HR Newsletter: 3 HR Trends to Monitor in 2023","src":"https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/Blog\/December2022_HR-Trends.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/Blog\/December2022_HR-Trends.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/Blog\/December2022_HR-Trends.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/Blog\/December2022_HR-Trends.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/Blog\/December2022_HR-Trends.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/Blog\/December2022_HR-Trends.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":4464,"url":"https:\/\/www.employco.com\/blog\/2023\/02\/14\/hr-newsletter-2023-trends-infographics\/","url_meta":{"origin":4140,"position":3},"title":"HR Newsletter: 2023 Trends and Infographics","author":"Employco USA","date":"February 14, 2023","format":false,"excerpt":"4 HR Trends for 2023: Just as teams quickly adapted to changes at the height of the pandemic, they must now adapt and respond to today\u2019s evolving expectations of organizations and employees. Savvy leaders and HR professionals will approach this year with human-centric strategies that holistically support and benefit workers.\u2026","rel":"","context":"In &quot;HR Newsletter&quot;","block_context":{"text":"HR Newsletter","link":"https:\/\/www.employco.com\/blog\/category\/employco-in-the-news\/hr-newsletter\/"},"img":{"alt_text":"HR Newsletter: 2023 Trends - Infographics","src":"https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/Blog\/February2023_Trends.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/Blog\/February2023_Trends.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/Blog\/February2023_Trends.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/Blog\/February2023_Trends.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/Blog\/February2023_Trends.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":4221,"url":"https:\/\/www.employco.com\/blog\/2022\/09\/14\/hr-newsletter-2022-second-half-hr-trends-to-monitor\/","url_meta":{"origin":4140,"position":4},"title":"HR Newsletter: 2022 Second Half HR Trends to Monitor","author":"Employco USA","date":"September 14, 2022","format":false,"excerpt":"Over the course of the COVID-19 pandemic, HR professionals have faced many challenges, including the health impacts of COVID-19 on workers and ongoing attraction and retention challenges. Here are some trends to monitor for the remainder of 2022. High Inflation Rates - According to the Bureau of Labor Statistics\u2019 June\u2026","rel":"","context":"In &quot;HR Newsletter&quot;","block_context":{"text":"HR Newsletter","link":"https:\/\/www.employco.com\/blog\/category\/employco-in-the-news\/hr-newsletter\/"},"img":{"alt_text":"HR Trends","src":"https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/Blog\/January2022_HR-Trends.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/Blog\/January2022_HR-Trends.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/Blog\/January2022_HR-Trends.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/Blog\/January2022_HR-Trends.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/Blog\/January2022_HR-Trends.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":5899,"url":"https:\/\/www.employco.com\/blog\/2025\/08\/19\/hr-newsletter-employers-planning-for-3-5-wage-increase-in-2026\/","url_meta":{"origin":4140,"position":5},"title":"HR Newsletter: Employers Planning for 3.5% Wage Increase in 2026","author":"Employco USA","date":"August 19, 2025","format":false,"excerpt":"U.S. employers are forecasting average wage increases of 3.5% in 2026, consistent with 2025 levels. A recent survey, which polled over 1,500 employers in the United States, showed that 53% plan no change to their salary increase budgets, while 31% expect to reduce them. Only 15% anticipate budget increases, signaling\u2026","rel":"","context":"In &quot;HR Newsletter&quot;","block_context":{"text":"HR Newsletter","link":"https:\/\/www.employco.com\/blog\/category\/employco-in-the-news\/hr-newsletter\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/posts\/4140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/comments?post=4140"}],"version-history":[{"count":1,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/posts\/4140\/revisions"}],"predecessor-version":[{"id":4142,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/posts\/4140\/revisions\/4142"}],"wp:attachment":[{"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/media?parent=4140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/categories?post=4140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/tags?post=4140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}