Flexible working can provide a solution for maxed out employees who are spending too much money and too much time commuting to the office. Businesses that want to offer workers a real perk and retain valuable staff need to address reducing the cost of commuting by offering them the choice to work closer to home at least some of the time."
Wayne Berger, VP, Regus Canada
TORONTO,
29
May
2015
|
16:59
America/New_York

Commuting Costs Continue To Climb

Cost of travelling to work has almost doubled over the past five years

The cost of travelling to work has almost doubled over the past five years, with new research by global workplace provider Regus revealing that workers worldwide now spend an average of 5 per cent of their net take-home income on their annual commute.

In Canada, commuters spend an average of 4 per cent of their salary, up from 3 per cent in 2010. The study surveyed more than 44,000 senior business people across more than 100 countries, including 2,700 Canadians.

Costs have risen even higher than the 5% average for workers in some parts of the world: in South Africa, Brazil, France, India and Mexico, for example, country averages have reached 6%.

For an unlucky but small percentage of Canadian workers, the annual commute eats up far more of their income with almost a tenth of respondents saying they spend 10% or more of their earnings on travel. 13 per cent spend over the average reporting that 5-10% of salary goes on commuting. Businesses that want to retain and attract top talent cannot fail to address the issue of the costly commute.

In sum the research highlights that:

* In 2010 the average commuter globally spent 3% of take home salary on travel, this has now risen to 5%; * Canadians are spending on average 4% on their daily commute * In France, Mexico, South Africa and India commuters spend an average of 6% of annual income on travel;

"Flexible working can provide a solution for maxed out employees who are spending too much money and too much time commuting to the office," said Wayne Berger, VP of Regus Canada. "Businesses that want to offer workers a real perk and retain valuable staff need to address reducing the cost of commuting by offering them the choice to work closer to home at least some of the time."