🗣️There’s been quite a commotion on social media lately about the recent increase in inflation rates we’re facing across the globe and how staff salaries haven’t been adjusted to match.📉
🖥️When you read the headlines, big, established corporations are struggling to keep staff, with rounds of lay-offs on the cards and the expectations to increase salaries is another tricky situation.
🗺️At OmTalent, we observed the landscape in South Africa and felt our employee’s pain.
💰Employees at entry-mid level were spending between 60-70% of their monthly earnings on getting to and from the office. 🚌
👂🏽Although we’re still a start-up, we worked hard to create a solution for all OmTalent team members, and this resulted in a 25% increase for staff, to be used as a travel allowance. This allows them to primarily spend their earnings on priority expenses, such as rent and groceries. 💸
🔊OmTalent encourages other business owners to listen to the rumblings on social media, to learn more about what their staff face monthly, and recommended solutions to solve this.🧩
How has your business been adapting to survive this storm❓
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