Helping your employees deal with high gas prices

Bradley Savoy June 16, 2008

This article hit yahoo last week, and many of us in the HR community are struggling with not only managing high gas prices for ourselves, but also for our employees. In some cases companies have 25-50% of their workers commuting 20-30 miles each way to work every day.

SHRM has consistently done research on this since 2005, and have reported their findings each year. Here are some of the recommendations for your organization to consider as best practices in assisting your employees:

- Raising mileage reimbursement to IRS cap
- Providing discounted or free public transportation passes
- Organizing carpools
- Recognizing employees’ positive performance by giving away gas cards as spot awards
- Negotiating lower parking rates or providing discount parking
- Changing work schedules to four 10-hour days per week
- Offering telecommuting to those employees that are not required to be in the office every day

Decide which of these would be appropriate for your organization to offer your employees, they will not only appreciate the assistance, but it can act as a further retention tool for your company.

Posted in Human Resources Analytics