As the country gradually came out of lockdown, there is much to look forward to, including indoor dining at our favorite restaurants and bars. However, many individuals and employers are increasingly considering the possibility of returning to work. According to CIPD research, 44 percent of working adults are concerned about returning to work owing to the health concerns of Covid-19, and 31 percent are concerned about commuting. Luckily, the cycle to work scheme has made things easier than every. So, what exactly is the ride-to-work scheme in Ireland? And how should employers take advantage of this scheme? In this post, we will have a detailed understanding of it.
What is the Ride To Work Scheme?
The ride to work scheme encourages employees to cycle to and from work. The company may purchase a bicycle and safety equipment for employees under the scheme. This will not be considered a taxable benefit-in-kind. Depending on the sort of bicycle purchased, there are currently two limits. The limit for pedelecs or e-bikes, as well as related safety equipment, is €1,500. The maximum for other bicycles and accompanying safety equipment is now €1,250. Prior to August 1, 2020, the maximum value for all bicycles and safety equipment was €1,000. Purchases can be made at any bike shop.
Reasons Why Employers Should Have Ride to Work Scheme
Here are some of the reasons employers should opt for a ride-to-work scheme in Ireland.
If you are searching for a cheap transport option, the cycle is on the top of the list. With the petrol price rising, it helps you save money, which ultimately makes it a pocket-friendly option for both employees and employers.
2. Healthier and Fitter Employees
We all know that riding a bike is a fantastic way to get some exercise, but do you know how? Cycling can help lower our risk of developing serious illnesses such as stroke, type 2 diabetes, and heart disease. It can also help us grow muscle to strengthen our calves, glutes, quadriceps, and upper body. Finding time to exercise amid work and personal responsibilities can be tough for many individuals. The cycle to work scheme is an excellent way to get your daily workout done!
3. Environmental advantages
Employers who opt for a cycle-to-work scheme for their employees are indirectly supporting the government’s green commute initiative. Green commute is a revolution in which people ditch their cars in favor of e-bikes to commute, with the goal of improving both the individual’s health and wellbeing while also reducing the environmental impact of pollution and congestion. Biking to work a few times a week instead of driving can significantly reduce carbon footprint, demonstrating that your organization cares about the environment and society.
4. Reduced Absenteeism
According to a National Center for Health Statistics study, physical activity is one of the few factors that statistically significantly affect absenteeism. Ride to work can be the reason in the reduction of absenteeism. Employees that are physically healthy miss only a couple of days coming to the office on average.
5. Reduced Parking Costs
Some companies pay more than $60 monthly to every employee for a parking space. Savings of approximately $700 per year per employee can be realized when employees choose alternate modes of transportation to work, such as bicycling.
According to a study from the University of New South Wales, biking safety is an ethical cycle. More people start riding bikes because fewer accidents enhance people’s perceptions of cycling’s relative safety. When the number of bikes and pedestrians grows, driver behavior changes to include safer driving practices. This is a wonderful cycle!
7. Cutting Down Commuting Time
Finding parking for a bike to work is as simple as seeing the nearest pole, locking up, and walking away. Bike commute is as fast as or faster than driving for most urban commutes since cyclists do not get trapped in traffic and are not subject to the regular transit delays of driving or public transportation. Panniers and cycling bags make transporting work items simple, and many employers also provide safe bike parking, showers, and other amenities to make cycling to work even more convenient.
8. Increased Brain-Power & Productivity
While moderate daily exercise will not convert an employee into an astrophysicist overnight, research has shown that it can help them avoid cognitive decline, improve general brain performance, increase memory and learning, and. When your employee rides a bike to work, it improves their intelligence. So, even if your
employee e-bike it to work, it may not turn them into a scholar but will at the very least improve their job performance.
9. Improve Mood and Make Employees Happy
When your employees ride bikes to work, you will see a sudden change in their behavior. This is because they are less likely to get stuck in the traffic, navigate a congested metropolis, or ride packed public transportation. In simple terms, cycling to work can actually turn their everyday commute into a mild type of therapy. Numerous studies have shown that everyday exercise can lower stress, alleviate depression symptoms, improve sleep patterns for people who have insomnia, and reduce anxiety. Exercising outside, both in urban and rural settings, have also been shown to promote self-confidence and improve general mood.
10. Lower Carbon Footprint
Employees who cycle to work can leave their cars at home, saving money on gas. Employees can save anywhere from 25 to 39 percent on the cost of a new bike and accessories because these schemes constitute salary sacrifice. Furthermore, spreading the cost of the bike across the year eliminates the need for a single hefty payment, and you’ll scarcely notice the money going out each month.
Cycle Center- Buy The Best Cycle to Work!
Cycle Center offers a wide range of bikes to work under the bike scheme in Ireland. Choose your desired bike and let us provide you with a no-obligation quote online for free.