Reimbursements for fuel have increased between January and June this year, as employees in the UAE feel the brunt of petrol hike in recent months, a new report showed.
Expenses for fuel reimbursements were up by 38 percent, with the average amount per claim has increasing by 18 percent, according to data from human resource company Bayzat.
The same period also saw a rise in requests for travel reimbursement. The amount spent per month by UAE companies on travel expenses grew over five-fold over the last six months, the data showed.
“In the present business environment, it’s imperative for organisations to know exactly where their operating overheads lie,” Bayzat chief Talal Bayaa said.
He added businesses should be open to embracing “hybrid and remote working,” in the current environment of high fuel prices.
“An obvious solution to keeping fuel and travel reimbursement costs in check would be for organisations to embrace hybrid and remote working as these have already proved highly-effective in keeping employees productive and happy,” Bayaa said.
He explained it was important to understand employees’ evolving needs, especially as “organisations compete in the war for talent.”
“Factors such as flexibility, company culture, career progression and perks all combine to play a critical role in attracting and retaining top professionals,” Bayaa said.
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