Most people familiar with the cycle to work scheme know that it can save employees at companies that are registered money on bikes and cycling equipment. Fewer, though, realise that there are savings to be made for companies themselves. The most direct cycle to work scheme savings for employers are made in National Insurance contributions, capital allowances and, in some cases, Annual Investment Allowances (AIAs). Employers save through reduced time lost to sick days.
Topics: cycle to work schemes, savings
Topics: productivity, workforce morale, wellbeing
Topics: employee benefits, productivity, workforce morale
In addition to rewarding staff for their work, employee benefits are advantageous to employers by helping to attract, motivate and retain staff. Of course, different people value different benefits to a greater or lesser extent than others, so it’s important to offer the right benefits to ensure they are offering value to both employees and the employer.
Topics: employee benefits, workforce morale, surveys
Although the UK’s cycle to work scheme is a government initiative, it is delivered by a variety of commercial partners, of which Bike2Work Scheme is one. As we’ve detailed in our guide to choosing a cycle to work scheme provider for employers, each provider delivers the scheme in their own way.
Topics: cycle to work schemes, cycle to work scheme providers
Each cycle to work scheme provider has its own network of bike shop retailers from which the employees of companies signed up to the scheme can redeem scheme vouchers. The networks vary in size and in which retailers they include, but there also tends to be some overlap.
Topics: cycle to work schemes, bike shops
It may go without saying, but employee benefits don’t just benefit employees. Indeed, there are a lot of advantages to employers offering employee benefits too. Fundamentally, as you might expect, these all boil down to a company’s bottom line.
Topics: employee benefits, employers, employees
Due to the nature of the cycle to work scheme, there are lots of similarities between the different scheme providers. We all offer the same service, albeit in our own ways and with our own particular benefits. Of course, we think Bike2Work Scheme is the best of the bunch, but why take our word for it?! Here’s some advice for finding the best cycle to work scheme so you can find that out for yourself.
Topics: cycle to work schemes
We all know the benefits of keeping ourselves fit and healthy. Aside from the raft of conditions it can help to prevent, like heart disease, diabetes and some cancers, exercise can improve our self-esteem, mood, sleep quality, energy and stress-levels.
Topics: productivity, health, employee sickness, workforce morale
