With no relief on gas prices projected anytime soon, the cost of commuting is starting to concern management and professional employees in the higher income brackets.
“In the past, these people may not have factored long commutes into their evaluation of a job offer, but the cost of getting to work is now one of the considerations that impact whether or not they accept a job offer,â€ says Michael Jalbert, president of MRINetwork.
In fact, MRINetwork polled 584 people, and 75% said they would turn down a job offer that required a long commute.
â€œIf the cost of living in an urban area is high, many candidates might still have accepted an offer and chosen to live in less-expensive suburbs, but with the high cost of commuting, more are turning down offers or negotiating for higher salaries to cover the cost,â€ says Jalbert.
With a weak housing market in many areas of the country, escalating relocation costs, rising fuel costs, and other economic factors, more job searches are falling apart in the final stages, even after the candidate has accepted the job.
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The initial cost of the relocation package can jump drastically by the time of the actual move date due to rising fuel costs, according to Jalbert.
â€œSome employers simply canâ€™t afford to pay the price,â€ he says.