Why Would An Employer Provide Qualified Transportation Benefits such as the Bicycling Benefit?
Employers sensitive to tax savings, employee morale, improved recruitment and reduced turnover are prominent fringe benefit providers. They have found that it enhances their benefits package without increasing overall compensation costs. Employers reduce FICA and other payroll-related costs to subsidize employee commuting costs. Since it is extremely popular with employees, it is an effective way for firms to indicate their concern for the environment. Employers that provide transportation fringe benefits have noted reduced stress from not driving, increased job satisfaction, improved on-time arrival and enhanced productivity. It also keeps an employer’s benefits package competitive. Who can participate? Are any employers too large or too small for the program? All types of employers from single person offices to large businesses with multiple locations and from every industry category in the private, public and non-profit sectors have the option to offer qualified transportation fring
