Because cycling improves productivity at work, reduces sick days, parking costs and even the potential frequency of late arrivals, employers are, as part of the scheme, required to pay 20p per every commuted mile.
“Typically this is likely to equate to a cost of £20 to £30 per month with a tenfold benefit being realistically achieved by many employers,” said Eric G Craig, CEO of Free2Cycle.
The Free2Cycle scheme relies heavily on employers, but the numbers are really persuasive. HR Magazine figures show that 33% of employers claim that their cycling employees are more productive, and 89% of them describe regular cyclists as more energised throughout the day. The CEO of Free2Cycle believes that a simple encouragement to make this kind of savings shows employees that they are valuable for the company, which is certain to boost morale in the workplace.
You can learn more about the whole project HERE.