Gas prices are on the rise due to the US-Israeli war with Iran, making commutes costlier for employees. Since the war began in February, the average daily commuting cost for US employees has risen by 9%, from $15.48 to $16.93, according to an analysis from consulting firm Gartner. If gas prices go up even higher, the average employee could see commuting costs rise to nearly $19 a day, per Gartner’s calculations. Such trends are likely to add to workers’ already existing financial stress. Nearly 77% of full-time workers reported worrying about the economy when Bank of America surveyed them in May of last year, and a growing share (26%) were seeking financial help from their employer through support such as emergency savings or debt paydown. To support workers who are experiencing higher commuting costs, employers can consider offering gas subsidies or allowing additional flexibility on working locations, at least temporarily, Benjamin Ashley, a senior research specialist with Gartner, said. Keep reading on HR Brew.—CV |