No surprise for Hawaii employers, a nationwide survey shows that of companies reporting a lack of affordable housing near their location, 67 percent believe it is having a negative impact on retaining qualified entry-level and mid-level employees. The survey was released by the Urban Land Institute, a non-profit education and research organization. ULI says that 58 percent of larger companies (100+ employees) reported losing employees in part to long commute times; 69 percent believed that a long commute time increased employee stress, 63 percent believed it triggered negative emotion, 48 percent said it caused more absenteeism, and 46 percent said it contributed to employee turnover/attrition. According to the survey, 45 percent of the larger companies offer flextime to reduce commuting time and 21 percent offer telecommuting.
Lack of Affordable Housing Problematic in Hiring and Retention
No surprise for Hawaii employers, a nationwide survey shows that of companies reporting a lack of affordable housing near their location, 67 percent believe it is having a negative impact on retaining qualified entry-level and mid-level employees. The survey was released by the Urban Land Institute, a non-profit education and research organization. ULI says that 58 percent of larger companies (100+ employees) reported losing employees in part to long commute times; 69 percent believed that a long commute time increased employee stress, 63 percent believed it triggered negative emotion, 48 percent said it caused more absenteeism, and 46 percent said it contributed to employee turnover/attrition. According to the survey, 45 percent of the larger companies offer flextime to reduce commuting time and 21 percent offer telecommuting.
