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Fiscal drag: how can employers offset the challenges of a difficult economy?

Employee Benefits

Impact of financial pressures In the aftermath of the pandemic, employees’ earnings have been squeezed following soaring energy, food and housing costs. Although some employers have been able to increase wages, the frozen tax thresholds could see some workers pay more tax and have less disposable income.

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Job Cuts at John Deere: Layoffs Unfold At a Significant Scale

HR Digest

Apart from the John Deere factory layoff that will affect the manufacturing industry, layoffs have plagued workers right from biopharma to the food service industry. The general assumption around the recent surge of layoffs is that the issues have mainly affected only the tech industry , however, that does not appear to be the case.

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