Gas Prices Spark Changes in Workplace


 

 

 

 

 

  

BUSINESS TRENDS

Many employers are helping workers cope with the record rise in gas prices with a mix of solutions, including cash and flexible work options, according to a survey by the Society for Human Resource Management. Some employers are offering direct financial aid, such as cost-of-living adjustments (2%), gas cards as rewards for employee performance (14%) and increases in mileage reimbursements to the IRS maximum (42%).

Others are choosing solutions that allow workers to burn less gas, like flexible work schedules (26%), telecommuting (18%) and public transportation discounts (18%). Some employers (12%) assist workers in organizing carpools and 7% give carpoolers priority parking.

The study also says more employers are considering compressed workweeks.

Source: Society for Human Resource Management, What Employers Are Doing to Help Their Employees with High Gas Prices in 2008, ww.shrm.org/press_published/CMS_025620.asp#P-4_0 .

SPONSORED REPORT

Revenue recognition: A complex effort

Implementing the new standard requires careful judgment. Learn how to make significant accounting judgments and document them and collaborate with peers for consistent application.

VIDEO

How to Excel pivot a general ledger

The general ledger is a vast historical data archive of your company's financial activities, including revenue, expenses, adjustments, and account balances. J. Carlton Collins, CPA, shows how to prepare data for, and mine data with, PivotTables.

QUIZ

News quiz: Taking an economic snapshot and looking to the future

Recent news included IRS actions that affect individuals and partnerships and a possibly influential move by a Big Four accounting firm.Take this short quiz to see how much you know about the news.