BWC TOP 10 LIST FOR EMPLOYERS
Federal government allows most employers to provide up to $125 per month tax free to employees for transit and vanpooling and up to $240 per month for parking. Employers also don’t pay payroll taxes on this subsidy.
2. Provide employees the option of pre-tax dollars for public transit & vanpooling.
Similar in concept to medical reimbursement but without the “use it or lose it” constraint, employees can get more buying power by using pre-tax dollars of up to $125 per month for transit and vanpooling and up to $240 for parking. Most employers save 7.65% in payroll taxes.
3. Reimburse employees for commuting by bicycle.
Federal government allows most employers to provide up to $20 per month tax free to employees. Employers also don’t pay payroll taxes on this subsidy.
4. Provide employees with bike racks, lockers and showers.
Employees are more likely to bike or walk to work with these amenities at their worksite.
5. Reduce the number of days employees need to travel to work.
Offer a compressed work week program where employees work the same number of hours in fewer days.
6. Offer employees a telework option.
For knowledge workers, work is what you do, not where you go. Equip and train employees and managers to work from anywhere – telework. Employers can also reduce overhead and see increases in productivity.
7. Replace parking subsidies with a transportation allowance.
Cash out the value of parking and provide a transportation allowance to employees. The employees then have a choice as how to use a transportation benefit provided by the employer.
8. Offer employees an Emergency Ride Home.
Reimbursement for those employees who use an option other than driving alone to work so they won’t be worried about being stranded in the event of a carpool partner needing to leave work unexpectedly or that they need to stay later to complete a task. (Many regional carpool agencies provide Emergency Ride Home programs at no cost to employers and employees for occasional use)
9. Offer employees flexible work options.
Flexible Work Options are a valued tool for supporting employee efforts to balance the demands of work and personal life. Happy employees are more productive.
10. Provide employees with a Carpool Incentive programs.
Carpool incentive programs may incorporate a variety of means to encourage employees to carpool. Possible incentives include reduced cost or free parking, preferred parking, or reward programs (such as prize drawings). Employers can help employees form carpools through rideshare matching, which helps potential carpoolers locate others nearby with similar schedules
Receive recognition for your efforts! Become a Best Workplace for Commuters here: http://www.bestworkplaces.org/join/online-application/ . Contact Julie Bond, BWC Program Manager at firstname.lastname@example.org or call her direct at 813.974.9799.