correct sentence

Please change the following sentence to your new sentence, just make some difference, but please make sure the meaning doesn’t change and the grammar are correct.

This is the sentence need be change:

As you know we have been looking at several ways to increase employee remuneration at this particular point in time. We are all feeling the pinch of high prices, and each and every one of us is concerned about the high cost of living.

After continuously reviewing this problem, it has been decided by the executive team to approve a cost of living increase for all employees effective November 15.

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