Cost-of-living action plan for business
How working with stakeholders can help manage the impact of economic challenges
Rising living costs present big challenges for households and businesses alike. There's no one way of dealing with these. But small businesses can be flexible in how they adapt to the challenges. They can still explore new opportunities and more efficient ways of working too.
Business in the Community (BITC) has a range of tools which could help. Their cost-of-living action plan sets out a series of actions focused on supporting employees, customers, communities, and suppliers.
Their Cost-of-Living Action Plan for Businesses sets out a series of actions, tested with their members, focused on supporting employees, customers, communities, and suppliers.
The plan sets out 12 actions to help you gain a better overview of how your business is performing. It also sets out the steps you can take to be a responsible business.
