Workers set to suffer as train prices rise

5th January, 2012 - Posted by admin - Comments Off

Businesses looking to rent offices in Manchester have been encouraged to offer employees more benefits to help reduce the cost of commuting on the train.

The average season ticket in the Manchester area has increased to around £2,115, which equates to 14 per cent of the average yearly salary in the city.

Operators across the UK have increased ticket prices by 5.9 per cent in 2012, with many workers expected to feel the pinch as commuting accounts for eight per cent of their yearly income.
In some cases, the fare hike could mean commuters spending up to 21 per cent of their annual salary on their journey to work.

Stuart McMillan, reward information consultant at Hay Group, comments: “As train fares continue to rise above inflation, and salary increases remain subdued, commuting costs are set to take up more of UK employees’ pay packets.”

He urged employers to think about implementing more flexible working options, which could reduce the travel burden on members of staff.

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