Are your staff struggling to pay soaring fuel costs?
New research released today by employee benefits provider GettaSub has found that 44% are struggling to afford fuel prices in order to get to work.
The survey, which quizzed 2,000 UK workers, discovered that rising fuel costs are having a detrimental effect on employee financial wellbeing. The results also found that just under a third (30%) stated they would consider walking more than 1km in order to save their fuel.
As well as this, the data found that UK workers are going to extreme lengths to save money on their fuel costs. It found that over two in 10 employees (22%) admitted to altering the way they drive to save on fuel – such as coasting downhill, not using the radio and turning the engine off at traffic. On top of this, 17% of employees stated they had risked driving with their fuel light on to save paying for more fuel.
When asked about what changes employees had made in their lives to factor in higher fuel costs, just 19% said they have had to cut back on their food expenses in order to afford fuel and two in 10 claimed they work from home to save on travel costs.
Worryingly, 10% of employees have admitted to skipping work because they cannot afford to get there and 6% claim they have had to take time off work because of fuel affordability. As well as this, 6% have called their breakdown services to utilise their free fuel cannister policy when a car has run out of fuel.
Ann Marie Bell, Director at Gettasub commented: “It’s clear that soaring fuel costs are putting huge pressures on workers, leaving those on minimum wages struggling to make ends meet. It’s vital that companies do more to help employees with the cost of living crisis, by offering advance financial support and flexible benefits to reduce these pressures.”