Rising gas prices are making it harder for some companies to recruit and keep top performers. What are employers doing about it?
A recent study of companies in one state may shed some light on national trends.
The Minnesota Employers Association recently did a survey of what new benefits employers are offering to help employees cope with commuting costs. The most common choices:
- Condensed weeks — 18.8% of companies are offering compressed schedules, and 5.5% have programs in the works.
- Telecommuting — 18.6% let some workers stay home, while 5.1% are planning to start.
- Gas cards — 9% of companies hand out gas station gift cards to reward high performance; 8% say they will soon.
- Car pooling — 8.4% have a program in place to help workers find car pool buddies, and 4.9% are planning some kind of help.
- Public Transit help — 6.9% subsidize public transportation, while 1.4% have plans in the works.
- Pre-tax accounts — 6.1% of employers sponsor pre-tax spending on public transit (1.4% have it planned).
- Fuel subsidies — 2.7% actually pay for some or all of the fuel employees use to get to and from work.
Let us know if you’ve done anything to combat the rise in fuel prices by leaving a comment below.