SHRM Poll - Assistance Organizations Offered to Help Employees Deal With High Gas Prices September 2008.

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Presentation transcript:

SHRM Poll - Assistance Organizations Offered to Help Employees Deal With High Gas Prices September 2008

©SHRM 2008SHRM Poll September 24, Assistance Organizations Offered to Help Employees Deal With High Gas Prices in September 2008 Compared With May 2008 Currently do September 2008 n=448 Currently do May 2008 n=545 Raising mileage reimbursement to IRS cap74%42% Offering flexible work schedule (e.g. compressed work schedule, flex-time, etc.) 58%26% Offering telecommuting40%18% Providing information on alternative ways to get to the office (e.g. information on bus routes, finding shorter paths to the office, etc.) 31%13% Organizing carpools29%12% Rewarding employees with gas card28%14% Offering public transportation discounts24%14% From May 2008 to September 2008 there were marked increases in the percentage of organizations that provided various types of assistance to employees to help with climbing gas prices. Continued on next slide

©SHRM 2008SHRM Poll September 24, Assistance Organizations Offered to Help Employees Deal With High Gas Prices in September 2008 Compared With May 2008(cont’d) Currently do September 2008 n=448 Currently do May 2008 n=545 Offering IRS Section 132 transportation accounts - Pretax transportation reimbursement accounts 17%11% Offering priority parking to employees that carpool 16%7% Offering to help new executive hires find housing closer to the office 6% Offering commuter stipend for long commute to the office 6%2% Offering employees cost of living raises as a direct result of gas prices 5%2% Offering to help new non-executive hires find housing closer to the office 4% Offering monetary incentive to employees to buy hybrid cars 2%1% Offering retention bonuses to retain employees with long commute 1% Note: Blank cells indicate option was not provided during data collection *Organizations were also asked if they had plans to offer the types of assistance listed in the question. Overall most organizations that did not offer assistance as of September 2008 did not have plans to do so.

©SHRM 2008SHRM Poll September 24, A Comparison by Year: Select Types of Assistance Organizations Offered to Help Employees Deal With High Gas Prices from 2005 to 2008 September 2008 (n=448) May 2008 (n=550) 2007 (n=489) 2006 (380) 2005 (456) Raising mileage reimbursement to IRS cap 74%42%13%21%8% Offering telecommuting40%18%4%7%6% Organizing carpools30%12%6%7%5% Rewarding employees with gas card 28%14%6% Offering public transportation discounts 24% 14%6%8%7% Offering monetary incentive to employees to buy hybrid cars 2%1% 0% Note: Blank cells indicate option was not provided during data collection. Multiple response options were allowed in the surveys. Only options where data from multiple years were available were included. Since 2005 organizations have taken significant steps to provide certain types of assistance to help employees deal with the challenge of high gas prices.

©SHRM 2008SHRM Poll September 24, In the past three months, has your organization noticed any change in the way your employees commute to work? n=345 Note: Respondents who answered “Don’t know” were excluded from the analysis.

©SHRM 2008SHRM Poll September 24, What changes have your employees made in the way they commute to work? Note: Only respondents whose organization had noticed changes in the way their employees commute to work in the last three months were included in the analysis. Percentage does not total 100% as multiple response options were allowed. n=166

©SHRM 2008SHRM Poll September 24, Has your organization implemented or is it planning to implement a 4-day work week? n=428

©SHRM 2008SHRM Poll September 24, IncreasedStayed the same Decreased 4-day work weeks (n=336)51%48%1% Compressed work weeks (n=304)42%57%1% Flex-time (n=332)42%58%0% Telecommuting one day per week (n=306) 41%59%0% Telecommuting a few days per week (n=300) 34%65%1% Telecommuting every day (n=300)27%73%0% Job sharing (two or more employees doing the same job) (n=229) 4%94%2% At your organization, have requests from employees for the following flexible work schedules increased, stayed the same or decreased as a result of increased gas prices over the past 12 months? Note: Respondents who answered “Don’t know” were excluded from the analysis.

©SHRM 2008SHRM Poll September 24, If gas prices remain high, how likely is it that your organization will begin implementing a four-day work week? n=288 Note: Only respondents whose organization did not have a 4-day work week were included in the analysis.

©SHRM 2008SHRM Poll September 24, If gas prices remain high, which of the following is your organization likely to encourage employees to do? Very likelyLikelySomewhat likely Unlikely 4-day work weeks (n=387)8% 19%65% Flex-time (n=389)12%17%24%47% Compressed work weeks (n=381)7% 19%67% Telecommuting one day per week (n=382) 7%13%21%59% Telecommuting a few days per week (n=385) 5%9%16%70% Telecommuting every day (n=384)4%5%10%81% Job sharing (two or more employees doing the same job) (n=372) 1%4%9%86%

©SHRM 2008SHRM Poll September 24, Assistance Organizations Offered to Help Employees Deal With High Gas Prices in September 2008 Response rate = 16% Sample comprised of 448 randomly selected HR professionals from SHRM’s membership. Margin of error is +/- 5%. Survey fielded the week of September 22, 2008 Methodology