{"id":14342,"date":"2023-08-24T09:26:18","date_gmt":"2023-08-24T08:26:18","guid":{"rendered":"https:\/\/cowrywise.com\/blog\/?p=14342"},"modified":"2023-09-18T10:44:36","modified_gmt":"2023-09-18T09:44:36","slug":"navigating-the-current-cost-of-living-crisis","status":"publish","type":"post","link":"https:\/\/cowrywise.com\/blog\/navigating-the-current-cost-of-living-crisis\/","title":{"rendered":"Navigating the current cost of living crisis"},"content":{"rendered":"\n<p class=\"has-text-align-center has-background has-medium-font-size\" style=\"background-color:#f5f7fc\">Scroll down to get the report in PDF ?? <\/p>\n\n\n\n<p>If you&#8217;re reading this, you made it! You made it through yet another day regardless of the dollar rate, the rising cost of food, and the crippling price of fuel. And at the close of business, you now have the audacious task of thinking about tomorrow. We say well done, y<em>ou should be proud! <\/em>?<\/p>\n\n\n\n<p>The economy has taken a hit over the course of the year &#8211; the Ukraine-Russian crisis, depletion of foreign reserves, and the recent subsidy removal have contributed significantly to the current economic outlook. The cumulative impact of these factors has disrupted overall living standards and caused purchasing power to decline, depleting consumer wallets. Generally speaking, Nigerians have resorted to \u2018tightening their belts\u2019 to retain a semblance of their previous lifestyle; or worse to survive. But, more critically, how does this affect the employer-employee relationship?<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Does the employer have an obligation to the employee to provide a cost of living adjustment?&nbsp;<\/li>\n\n\n\n<li>What is the employer\u2019s role in supporting employees through this crisis, to ensure their living wage actually helps them live well?<\/li>\n\n\n\n<li>Should the employee be sensitive to the economic impact on their employer?<\/li>\n<\/ol>\n\n\n\n<p>During the<a href=\"https:\/\/hrexpoafrica.com\/\"> HR Expo Africa Expo<\/a> Webinar held recently, our portfolio manager, <a href=\"https:\/\/www.linkedin.com\/in\/busola-jeje-cfa\/\">Busola Jeje<\/a>, and the Head of People and Culture, <a href=\"https:\/\/www.linkedin.com\/in\/ebenezer-akintomide-74b80895\/\">Ebenezer Akintomide<\/a>, provided actionable insights from a finance and managerial perspective on the best strategies necessary to nurture the financial well-being of employers and employees so that both parties can thrive.<\/p>\n\n\n\n<p>In this report, you\u2019ll find:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>The impact of financial well-being on the employer-employee relationship<\/li>\n\n\n\n<li>Three key strategies to navigate the current economic climate<\/li>\n\n\n\n<li>Actionable steps to keep your finances in check<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\">Get the report<\/h2>\n\n\n\n<style type=\"text\/css\">\n  .iwd-input-field {\n     padding: 16px 16px;\n     margin: 0 8px 16px 0;\n     width: 80%;\n  }\n  .iwd-form {\n     display: flex;\n     flex-flow: row wrap;\n  }\n\n  .success-feedback {\n    display: none;\n    flex-direction: column;\n    justify-content: center;\n    text-align: center;\n  }\n  \n<\/style>\n\n<form onsubmit=\"submitForm(event)\">\n  <div class=\"iwd-form\">\n    <input name=\"first_name\" class=\"iwd-input-field\" type=\"text\" placeholder=\"Your First Name\" required=\"\"> \n    <input name=\"email\" class=\"iwd-input-field\" type=\"text\" placeholder=\"Your Email Address...\" required=\"\">\n    <button style=\"display: block; margin-top: 20px;\" class=\"button button--large\" type=\"submit\">Download &#8211; for free!<\/button>\n  <\/div>\n<\/form>\n\n<div class=\"success-feedback\">\n  <h2>Yay! Thank you so much! ?<\/h2>\n  <p> You should receive an email with your download link shortly <\/p>\n<\/div>\n\n<script type=\"text\/javascript\">\n  var _cio = _cio || [];\n  (function() {\n    var a,b,c;a=function(f){return function(){_cio.push([f].\n    concat(Array.prototype.slice.call(arguments,0)))}};b=[\"load\",\"identify\",\n    \"sidentify\",\"track\",\"page\"];for(c=0;c<b.length;c++){_cio[b[c]]=a(b[c])};\n    var t = document.createElement('script'),\n        s = document.getElementsByTagName('script')[0];\n    t.async = true;\n    t.id    = 'cio-tracker';\n    t.setAttribute('data-site-id', '27a23a2aff517700f6e9');\n    t.src = 'https:\/\/assets.customer.io\/assets\/track.js';\n    s.parentNode.insertBefore(t, s);\n  })();\n<\/script>\n\n<script type=\"text\/javascript\">\n\n   function submitForm(e){\n      e.preventDefault();\n      const firstName = e.target['first_name'].value\n      const email = e.target['email'].value\n      document.querySelector('.iwd-form').style.display = \"none\";\n      document.querySelector('.success-feedback').style.display = \"flex\";\n      subscribeUser(firstName, email)\n      return false;\n   }\n\n   function subscribeUser(firstName, email) {\n      const date = new Date().getTime() \/ 1000;\n     _cio.identify({\n      \/\/ Required attributes\n      id: email,    \/\/ Use either cio_id, id, or email.\n      created_at: date,\n      first_name: firstName,\n      simplified_campaign: true\n     });\n     _cio.track('hrea_report_2023');\n   }\n<\/script>\n","protected":false},"excerpt":{"rendered":"<p>Scroll down to get the report in PDF ?? If you&#8217;re reading this, you made it! You made it through yet another&#8230;<\/p>\n","protected":false},"author":22,"featured_media":14483,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[312,457],"tags":[],"coauthors":[476],"class_list":{"0":"post-14342","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-money-tips","8":"category-personal-finance"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Navigating the current cost of living crisis - Cowrywise Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cowrywise.com\/blog\/navigating-the-current-cost-of-living-crisis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Navigating the current cost of living crisis - Cowrywise Blog\" \/>\n<meta property=\"og:description\" content=\"Scroll down to get the report in PDF ?? 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