Partner Article

How Can Cycling Benefit Business?

There is a renewed buzz about competitive cycling following the Olympics, but how can ordinary people benefit from this and, given that we are in a recession, how could cycling possibly contribute to business success?

Organisations opting to run a Cycle to Work scheme can improve the health and fitness of their employees, which will help to improve staff morale and physical and mental health.

The Cycle to Work scheme is a HMRC-approved employee benefit which has been designed to allow organisations to offer employees the opportunity to purchase new bicycles and equipment worth up to £1000. Operated as a salary sacrifice scheme, employees make tax and National Insurance savings as well as saving up to 50% on new bicycles and equipment.

Implementing this scheme can help to reduce congestion and parking issues, especially for those organisations in busy cities and towns. Not only will supplying employees with new bicycles and equipment benefit staff, employers can also make National Insurance savings of up to £138 per employee on the scheme. Offering this valuable employee benefit can improve your competitive advantage as an employer, making you an employer of choice, attracting quality, skilled staff.

For more information about Cycle to Work, visit http://www.busybeesbenefits.com/cycle/

This was posted in Bdaily's Members' News section by John Woodward .