The way we work has drastically changed in recent years, and the dynamics of commuting have also evolved.
With advancements in technology, globalization, and shifting attitudes toward work-life balance, there has been a significant shift in how we approach our jobs and how we get to them.
Traditionally, people spent hours stuck in traffic or crammed into packed public transportation, often feeling drained and stressed before even starting their workday, but with the changing dynamics of work, commuting has taken on a whole new meaning.
The rise of remote work has eliminated the need for many people to commute every day. Instead, they can now complete their tasks from anywhere with an internet connection.
We’re also seeing traditional office jobs evolving to accommodate flexible working arrangements with many companies now offering options such as compressed workweeks or telecommuting days.
Out with the Old, in with the New
Re-evaluating their traditional approach to commuting and exploring ways to reduce stress and increase job satisfaction for employees is now an essential priority for businesses who want to thrive in the current landscape.
According to a recent survey, 50% of American workers reported feeling stressed during their daily commute. Long commutes in heavy traffic can lead to increased levels of the stress hormone, cortisol, which can negatively impact both physical and mental health. This chronic stress can also contribute to burnout, leading to decreased productivity and job satisfaction.
As companies continue to adapt to changing work dynamics, there are several ways they can help reduce the stress associated with commuting and improve overall employee well-being.
One way employers are reducing the stress of commuting is by offering flexible work arrangements such as telecommuting or compressed work weeks.
Giving employees the option to work from home or adjust their schedules can eliminate the daily commute and give them more control over their work-life balance.
Employers can also provide commuter benefits, such as transit subsidies or bike-sharing programs, to encourage employees to use alternative modes of transportation.
This not only reduces the stress of driving in heavy traffic but also promotes a healthier and more environmentally friendly commute.
TIP: Not sure where to start when it comes to offering commuter benefits? At Edenred Benefits we’ve got you covered.
With these changes, businesses must also adapt to the changing dynamics of work in order to stay competitive when it comes to sourcing top talent and keeping employee morale high—but it’s not just employees who can benefit from these changing work dynamics.
In fact, there are some key advantages that businesses can experience by embracing this evolution.
For businesses, increased flexibility means being able to tap into a wider pool of talent. By offering flexible options, companies can attract top candidates from all over the world without being limited by geographical boundaries.
This not only brings diversity to their workforce but also opens up opportunities for growth and innovation.
Adapting to changing work dynamics can also lead to significant cost savings for businesses.
Flexible work arrangements also allow companies to save on employee-related expenses such as travel allowances or relocation costs.
Even better? Utilizing commuter benefits can save employers on their payroll taxes, with most saving an average of $40/month per employee. Fifty employees participating over 12 months could save the company over $24,000 annually.
TIP: Use the Edenred Benefits employer calculator to see how much you can save.
3. Increased Productivity and Efficiency
Commuting to work can be time-consuming, stressful, and tiring, especially in urban areas with heavy traffic.
By offering flexible options, they are able to save valuable time and money for improving their productivity at work.
With more control over their environment, employees can create an optimal workspace that suits their individual needs. This leads to improved concentration and ultimately higher productivity levels.
Commuter Benefits with Edenred
You’re ready to keep your business evolving with new technologies and innovative approaches as you strive for a more efficient and productive workforce.
At Edenred we’re here to help you embrace these changes so you can empower your workforce to make the most of their hard-earned money while simultaneously reducing your company’s payroll tax expenses.
When your employees enroll in our Commuter Benefits program, they gain access to a tax-saving opportunity that lets them use pre-tax funds to cover their commuting expenses. Schedule a meeting with us today to learn more.