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Rising US oil prices affect employment choices: 65%Job seekers are beginning to prioritize positions with low commuting costs
BlockBeats reports that September 25, citing Fortune, which in turn cited the latest survey by recruiting platform Monster, that rising US oil prices have prompted 65%of prospective job switchers to adjust their job-search priorities to reduce commuting costs. Of these, 23%have begun prioritizing jobs closer to home, 17%are paying more attention to salary levels to offset higher commuting costs; another 20%are prioritizing fully remote positions.
The survey shows that commuting costs have become an important factor in US job seekers' decisions to turn down job opportunities. Among the 1000 employed Americans surveyed, 49%said they had rejected job opportunities because of commuting costs or excessively long commutes, while 75%said work-life balance had become more important as the cost of living rose.
For an additional 20 minutes of commuting time, 32%of respondents said they would require at least 20%more in pay to accept it, while 10%would require 10%more in pay. 11%would be willing to accept a longer commute in exchange for more flexible work arrangements or hybrid work, while another 9%want employers to reimburse part of their fuel costs.
Meanwhile, US gasoline prices continue to rise. The current average price of regular gasoline in the United States is approaching 4.50 USD per gallon, mid-grade gasoline has exceeded 5 USD, and diesel prices have exceeded 6.50 USD; Brent crude oil prices have risen to approximately 105 USD per barrel. The rise in oil prices has been driven mainly by supply disruptions in the Middle East and shipping risks in the Strait of Hormuz.
Fortune said that as energy costs continue to rise, US companies may need to attract employees willing to accept longer commutes by raising salaries, offering hybrid work, or covering commuting costs.
Original link https://m.theblockbeats.info/flash/368986