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Economic inflation isn’t just an external news story – it’s a painful market condition that affects nearly everyone. It can have a wide-ranging negative impact on your workforce and, ultimately, your business.
How so? Inflation can:
Diminish the reach of employees’ salaries, making them feel as though they don’t earn as much as they used to Affect aspects of their lives as consumers with the rising costs of everything from groceries to fuel to vacations Reduce the amount that employees are able to contribute to their 401(k)s, which can result in significant long-term impacts, including delays in plans to