Picture a workplace where employees enjoy their commute and arrive at the office well, relaxed, and ready to work. It looks like a dream, right? Well, it’s possible! A commuter benefits program can make a difference for your employees, and we’re here to tell you the story of a Los Angeles-based non-profit hospital that successfully implemented one, enhancing their business and employees’ lives.
Tackling the Traffic Nightmare
We all know that sitting in traffic is no fun. It’s stressful, time-consuming, and drains us even before our workday starts. We feel the pain of watching hours of our lives vanish in traffic jams. But what if there was a solution that could turn those wasted hours into happier, more productive ones?
A Los Angeles Non-Profit Hospital Success Story
This Los Angeles non-profit hospital recognized that their employees were suffering through long, draining commutes. They wanted to offer more flexible commuting options and healthier meal choices. So, they partnered with Edenred to design a tailored micromobility and meal benefits program.
Listening to What Employees Want
Our heroes at the hospital knew that to make a real difference, they had to consider their employees’ needs. Together with Edenred, they launched a program that included public transportation subsidies, bike-share memberships, and wholesome meal options. The employees were thrilled and the program enjoyed a 27.5% adoption rate within the first two months.
Edenred’s Magic Touch
What sets Edenred apart is their genuine commitment to understanding each company and their employees’ unique needs. They offer a range of shared mobility options integrated into one commuter account, such as bike sharing, e-scooters and e-mopeds. Moreover, they help identify eligible pre-tax expenses, ensuring compliance with IRS regulations.
Transforming Employee-Employer Relationships
What about the results? The hospital experienced significant improvements in employee satisfaction and retention rates, reduced costs related to absenteeism and healthcare expenses, and got happier and healthier employees. It’s a win for the entire team!
How can commuter benefits help your company?
Commuter benefits increase employee satisfaction and retention rates, reduce absenteeism and healthcare expenses and promote a healthier workforce, giving your company a competitive edge in the job market.
How does Edenred support your commuter benefits program?
Edenred offers a variety of shared mobility options in one commuter account and assists with identifying eligible pre-tax expenses while ensuring compliance with IRS regulations.
How much time can employees save with a commuter benefits program?
The time saved depends on points such as the kind of transportation and distance traveled. However, providing benefits such as public transportation subsidies, bike-share memberships, or carpooling incentives can help employees save time and reduce stress.
Are there tax benefits for companies that offer commuter benefits?
Yes! Employers can deduct up to $40 per employee/month for qualified parking expenses and transit passes. Employees can also save money on commuting expenses by using pre-tax dollars, resulting in tax savings for both the employee and the employer.
Invest in Your Employees and Reap the Rewards
As we’ve seen from the Los Angeles non-profit hospital’s story, investing in a comprehensive and personalized commuter benefits program can have a significant impact on both your employees’ well-being and your company bottom line. By offering tailor-made solutions that cater to the unique needs of your workforce, you can create an environment where employees feel valued, supported, and motivated to perform at their best.
The time is now to make a change and transform the way your employees commute. By partnering with a company like Edenred that specializes in crafting flexible and customizable commuter benefit programs, you can take the first step towards creating a happier, healthier and more productive workforce. Your employees will thank you for it, and so will your business.
Don’t let the opportunity pass you by – explore the world of commuter benefits today and join the growing number of companies that are making a positive impact on their employees’ lives and the environment. Remember, a happy employee is a productive employee, and that’s a win for everyone. So, what are you waiting for? Start the journey towards a better commute and a brighter future for your organization right now.