The rising cost of getting to and from work is one of the biggest concerns employees have had this year. What are companies doing about it?
Most are reluctant to increase benefits like subsidized gas cards or transit passes, according to a recent survey by TransitCenter, Inc.
Despite concerns about how those costs will effect recruitment, 59% of employers said they aren’t able to offer new benefits because of the financial burden.
Those that have taken steps are focused mostly on low- or no-cost options. The most common programs:
- Flextime (49%)
- Telecommuting (42%)
- Tax-free accounts to spend on mass transit, in accordance with IRS regs (42%), and
- Subsidized shuttle or carpool programs (10%).
