CYCLE TO WORK SCHEME IN MANCHESTER
Looking to set up a cycle to work scheme in Manchester? Enjoy Benefits can take care of the whole process for you, establishing this great scheme and then managing the ongoing administration.
Manchester cycle to work schemes have great benefits for both employee and employer.
Employees benefit from savings on the purchase of the bike and of course getting healthier; employers get fitter employees and save around £83 per bike on average through National Insurance reductions.
A cycle to work scheme is also a good selling point in the Manchester jobs market if you are an employer, showing how you are happy to provide extra benefits for staff members, and it also helps offset their carbon footprint.
Enjoy Benefits are Manchester-based experts in employee benefits and company support with more than 10 years’ experience.
Please call us today on 0800 644 3000 or 0161 443 0390 to discuss your bespoke needs, or you can contact us via this page.
How does the scheme work?
Employees who want to engage with a cycle to work scheme in Manchester sacrifice a portion of their salary – up to £1,000 – for the bike and any necessary safety equipment.
Their employer essentially buys the bike and then leases it back to them. At the end of the scheme, the employee can have an option to purchase the bike outright.
Most importantly, Enjoy Benefits Ltd take care of all the set-up and administration – call us to find out how it works in more detail.
What are the benefits for the employer?
An employer benefits from fitter staff, and also the goodwill offering a set of staff benefits brings.
More tangibly, there are financial benefits – the offset savings are 13.8 for every £1 spent on the scheme per employee, which averages at £83 per bike. Savings are capped at £138 per employee.
There are also the public perception benefits of providing a benefit which helps offset a company’s carbon footprint.
What are the benefits for the employee?
Employees benefit from savings on the cost of a new bicycle – the typical saving is around 30%!
There can also be a huge choice of bikes available, and when the scheme is managed through a company such as Enjoy Benefits Ltd we can arrange on-site showcases from bike manufacturers, potentially bringing a social element to the scheme and helping drive sign-up.
Employees also get fitter by cycling to work.
Are other benefits available?
In a word, yes. It is possible to offer a whole range of benefits to employees, they benefit by saving on the tax they would otherwise have lost from their earnings, employers benefit from reduced National Insurance and the great message these benefits give to staff.
Benefits include gym membership schemes, childcare vouchers, car parking schemes, mobile phone leasing and leased car schemes. Have a look around the site to find out more, or give us a call today.
I want to know more about setting up a cycle to work scheme in Manchester
We have a wealth of information available on our dedicated FAQs page. And of course we can answer any queries you might have over the phone on 0800 644 3000 or 0161 443 0390.
A cycle to work scheme in Manchester is a great scheme with only benefits – both the employer and employee benefit financially. Find out more today.