Cycle to Work Schemes: Top 5 Benefits for an Employer

Cycle to work plans are a very popular employee benefit

Here’s how it could help your business as well…

We all know that our physical health is a priority to take care of whether it’s eating healthy to working out and making sure that we sleep enough.

Employers have numerous ways you can assist your employees’ physical fitness, from Cycle To Work schemes, discounts on gym memberships to the online classes for fitness, there are a myriad of ways you can assist. Employees want this as well – over 67% of employees claim they think it’s an employer’s responsibility to help them maintain their fitness and physical health.

If you’re thinking of the possibility of offering the Cycle To Work scheme, you may be wondering about how it works and what it can do to your company? We’ve compiled 5 advantages that employers can reap…

What is a Cycle to Work Scheme?

Through the Cycle To Work scheme your employees can have access to their ideal bike regardless of whether it’s a mountain bike, BMX , or electric bikes, and be spread out over a period of 12 to 18 months to make it less expensive. Additionally they’ll also save as much as 42% on tax and NI-related contributions, as well as on travel expenses and increase their fitness.

Top 5 Benefits for Employers of providing the Cycle To Work scheme:

1. Conserve your money:

For businesses, you could reduce up to 13.8 percent off National Insurance payments because of the arrangement for salary sacrifice.

2. Staff with healthier health, better productivity and mental wellbeing:

Exercise can lower our risk of developing serious illnesses like heart disease stroke, Type 2 diabetes, stroke and cancer by as much as 50 percent. It also helps boost confidence and mood, as well as energy levels and sleep quality while reducing the chances of depression and stress.

If we’re in better mood and feel more energetic, we’re more likely to feel happier and more productive at work. Additionally, cycling is an excellent method to exercise and get some the fresh air.

3. Environmental benefits

There are more than just the health benefits of cycling, but it also has environmental benefits as well. When you cycle to work, there are fewer cars on the road , and less pollution, which is a fantastic method to decrease the carbon footprint of your business. In addition, if more employees are cycling , you can swap parking spaces to green!

4. Better employee engagement and retention

The Cycle To Work scheme is an excellent employee benefit that’s beneficial and enjoyable It helps create an overall healthier workforce that is more content and motivated to remain with you over the long haul.

5. Easy to put into practice

We’ll help you with Cycle To Work, our Cycle To Work scheme, we’ll manage it for you, and provide the administration platform to ensure it won’t add on to your work load. We’ll also assist you to come up with a plan of communication to sign up people.