Nearly a third of HR professionals report that an employee has left their company in the past year due to escalating gas prices, according to a recent Compensation.BLR.com poll.
When asked "Has an employee left your company because of rising gas prices in the past 12 months?," 57 percent responded "No," 30 percent responded "Yes," and the remaining 13 percent said they were "Not sure."
The poll results indicate that rising gas prices are having an indirect impact on employers, as they are losing employees who can't cope with costs of a lengthy commute. How are employers reacting?
According to a recent survey conducted by the Society for Human Resource Management (SHRM), more employers are offering telecommuting, flexible schedules, and other benefits to help employees offset the costs of rising gas prices. However, few employers are offering cost of living pay increases to offset travel costs, according to the survey.
The survey found that more employers have risen the mileage reimbursement to the IRS maximum in 2008 ((42 percent, up from 13 percent in 2007) Other benefits employers are offering include a flexible work schedule (26 percent), telecommuting (18 percent), public transportation discounts (14 percents), and rewarding employee performance with a gas card (14 percent). For more details, see our original coverage of this SHRM survey.
The Compensation.BLR.com poll included 250 respondents.