22 Mar Commuter shuttles aren’t just a tech trend; companies across all regions and industries are observing real benefits for employers and employees equally.
There is long checklist of reasons why companies decide to execute employee shuttle programs. Listed here are some that will help you see why an increasing number of companies are getting this employee benefit and noticing the returns that it brings.
1. Improved employee efficiency & general well-being
Down time on the shuttle offer employees some time to organize the day ahead, no matter if that is an opportunity to rest and relax, check email, or catch up on the news. They come to the office already in or ready to transition faster to work mode. Over the long term, the shuttle can decrease stress-related health problems linked to driving in traffic that cause missed work and health claims– check out this TIME Magazine article on 10 Things Your Commute Does To Your Body.
2. Lowers difficulty of government compliance
Many state and regional governments demand employers to offer Commute Trip Reduction (CTR) programs to reduce SOV commuting and attain better air quality, such as AQMD’s Rule 2202. In urban regions, companies may find SOV reduction a condition of zoning approval.
3. Company motivation for recruiting and retention
When it comes to reducing or enticing new hires turnover, a company shuttle is a fantastic distinguishing factor. Besides the health and wellness benefits employees save money on gas and vehicle costs, which is money in their pockets. Acknowledgment is provided through designations such as Best Workplaces for Commuters.
4. Qualify for IRS non-taxable Fringe Benefits
Section 132(f) of the Federal tax code enables tax-free transportation fringe benefits of up to $130 per month per employee for transit or vanpool expenditures. Employees receive more from tax-free transportation fringe benefits than from an equivalent salary raise since they do not pay federal income or payroll taxes on the value of the fringe benefit. Know more from the National Center for Transit Research.
5. Go green
Encouraging your employees not to drive my on their own to work not only aids with SOV compliance but dramatically reduces your carbon footprint. The San Francisco County Transportation Authority estimates the existing shuttles in that area replace roughly 757,000 single-passenger car trips and save a net 28.7 million VMT (vehicle miles traveled). According to rideshare.com, the U.S. could save 33 million gallons of gas each day if the average commuting vehicle carried just one more person. You can determine your carbon footprint (and commute costs) through this calculator from Stanford University’s Parking and Transportation Services.
6. Cost savings
Offering your employees a commuter shuttle may be a cheaper solution to spending mileage or building infrastructure such as a new parking deck. A number of states also provide employers with tax credits for offering commuter benefit programs.
7. Better workplace satisfaction and corporate status
Be referred to as a wonderful place to work, one that cares about their employees and supports the work-life balance. Employees also learn more about one another better, including coworkers outside their normal work sphere, enabling them to feel more connected and sustaining a sense of teamwork. There are great deals of benefits to loyal employees!