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How HR Can Address Inflation

How HR Can Address Inflation

One of the biggest challenges for small and midsize businesses is to improve their bottom line–but with soaring inflation to blame for an unstable economy, the tight labor market, rising interest rates, and supply chain shortages, it’s no wonder employers are struggling to make ends meet. 

 

Why You Need to Address Inflation Now

When asked to rank their top challenges, 44% of small businesses cited inflation (up from 33% last quarter) according to a recent study by MetLife and the US Chamber of Commerce–which is why it’s important to take steps now that will help you cut your organization’s overall costs in this current economic climate.

 

So, in the latest episode of HR Party of One–BerniePortal’s popular podcast and YouTube series– Elisabeth explains everything you need to know about inflation in the workplace–what it is, why you should address it and how you can approach conversations with leadership. By the end, you’ll have a better understanding of how you can prepare to tackle inflation in your organization.

 

Additional Resources

You can stay informed, educated, and up-to-date with important HR topics using BerniePortal’s comprehensive resources:

  • BerniePortal Blog—a one-stop-shop for HR industry news
  • HR Glossary—featuring the most common HR terms, acronyms, and compliance
  • HR Guides—essential pillars, covering an extensive list of comprehensive HR topics
  • BernieU—free online HR courses, approved for SHRM and HRCI recertification credit
  • HR Party of One—our popular YouTube series and podcast, covering emerging HR trends and enduring HR topics
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