For the first time, a gallon of regular gas now costs $5 on average nationwide. That's bad news for employers, on many accounts, especially if they’re looking to get workers back into the office. Energy experts estimate that every penny increase in the price of gasoline costs Americans an extra $4 million a day. With inflation driving up the costs of food and housing, Americans are already feeling strapped for cash.
That's where companies can turn high-cost gas into an advantage: covering commuting costs will not only help get workers back to the office, it may be an incentive to help them stay around during a tight labor market. When it comes to helping front the bill, the options range from cash and gift cards to salary raises and reimbursements. Choosing the right strategy will depend largely on the number of employees you have and how far they need to commute.
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