A new survey of US human resource executives finds that more than 60% of employers are “extremely” or “very” concerned about the impact of rising fuel and commuting costs on employees, according to the survey by TransitCenter, a non-profit organization supporting the use of mass transit. The group took the survey at a recent national human resources conference.
According to a TransitCenter news release, the survey found that the most common ways employers are helping their employees manage high gas prices are by offering flex-time and telecommuting, offered respectively by 43% and 27% of responding employers.
Other popular options include:
- encouraging carpools (16%),
- offering tax-free commuter benefits (15%),
- facilitating vanpools (11%), and
- increased employee compensation (9%).
One in five respondents say they are planning to take additional steps to help their employees manage, with 32% planning to add a commuter benefits program, according to the announcement.
Responding employers also expressed concerns about the long-term harm their firms could suffer in recruitment, employee retention, morale and wage inflation:
- 72% of human resource professionals express concern that rising costs will affect employee salaries.
- 63% of those surveyed worry about managing additional costs associated with new efforts to help their employees.
- 60% foresee greater difficulty in hiring qualified employees.
- 59% say they are worried that rising costs will spur employees to seek jobs closer to home.
- Nearly half of respondents (49%) believe that the growing burden on employees will lead to reduced morale.
- 42% expect increased absenteeism.
A copy of the full report is available upon request by contacting Charles Kim at email@example.com .