BUSINESS SHOULD SHOW MORE FLEXIBILITY: While rising fuel costs and subsequent all-round inflation are weighing on employees’ budgets, it’s not sparing companies either. According to a new study, UAE’s companies are spending more on fuel reimbursements for their staff after prices rose by nearly 60 per cent this year. The average amount per reimbursement, too, has gone up by 18 per cent. One way to save this cost is to adopt a hybrid model for the near term. Netherlands has already made work-from-home a legal right, and several relatively young companies in the West are adopting remote working on a permanent basis. It may not be possible for all departments to work remotely, but policies should be tweaked to allow some flexibility. It will also make the company a more attractive employer on a potential candidate’s list, and possibly boost employee loyalty. (By Anupam Varma, Assistant Business Editor)
Seyyed de la Llata / Gulf News