Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Benefits June 15, 2009
Rising Commuting Costs Prompts More Employer Help
June 15, 2009 (PLANSPONSOR.com) - A new poll by the
Society for Human Resource Management (SHRM) finds the rising
price of gas has prompted more companies to help employees
with their commuting costs.
Reported by Fred Schneyer
According to SHRM, 61% of companies surveyed last month reported raising the amount they reimburse for gas to the federal cap of 55 cents a mile, up from 42% of companies a year ago.
Flex hours are also catching on, with 48% of companies offering flex time to employees, up from 26% in May 2008. In addition, the survey found more companies (35%) are allowing employees to work from home than a year ago (18%).
The SHRM survey of 450 human resources professionals was conducted the week of May 5.