The Internal Revenue Service has raised the standard-mileage-reimbursement rate for the final six months of 2008, citing recent increases in gasoline prices.
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.
More employers are offering telecommuting, flexible schedules, and other benefits to help employees offset the costs of rising gas prices, but few employers are increasing pay to help employees, according to a survey by the Society for Human Resource Management.
In a tightly-contested "race", John McCain was voted by HR professionals as the most employer-friendly candidate for president, according to a recent Compensation.BLR.com poll.
Twenty-four percent of business travelers say they've had to share a hotel room with a colleague when traveling for business, according to a survey by Orbitz for Business.
The standard mileage reimbursement rate for employees who use their own cars for business purposes will rise from 48.5 cents per mile in 2007 to 50.5 cents per mile in 2008, the Internal Revenue Service announced.
Hotel rates in key cities throughout the United States, Europe and Asia could experience high double-digit increases next year. This was among the findings of American Express' annual Global Business Travel Forecast released this week, which predicts that continuing demand for travel services will outweigh supply in 2008, driving up rates for airfare, car rentals and hotels around the world.
The cost of business trips will increase again in 2007, as expenses for hotels, airfare, and car travel are expected to rise significantly, USA Today reports.
The Internal Revenue Service is reminding employers that they need to track the amount of expense reimbursement allowances paid to employees on a per diem basis.
