Benefit in the Spotlight
Employee wellbeing is more important than ever.
We're shining a spotlight on a benefit that can help.
Here's a clue: It helps employees get outdoors, stay active and ultimately be more healthy. It can also bring savings to you as an employer.
Yes – we are talking about bikes!
Managed via salary sacrifice, Cycle to Work can save employees up to 42% on the cost of a new bike. Plus, employers can make savings of 13.8% through National Insurance contributions. It’s an all round win.
The financial benefits are just the tip of the iceberg. Getting your employees cycling can help them stay fit, get active and improve their overall health. Beside the physical benefits, it's also a great way to de-stress and clear the mind.
Cycle to Work isn’t new, so why are we shining a spotlight on it?
We have seen a significant uptake in cycle to work schemes since the lockdown began. The Government are encouraging cycling, where possible, to reduce public transport use and we've seen cycle lanes pop up across major cities to ensure cyclists are safe. As a result, many more people are buying bikes.
Yet, the Cycle to Work benefit process means your employees could be waiting weeks for their voucher or equipment.
With the current demand for bikes, and the challenges we see clients face, we decided to review the market.
We wanted to find a provider who was willing and able to adapt to the changing times. Our main focus was finding a provider who gives employees choice, flexibility and a great user experience.
The Employee experience was our main priority and we have developed a proposition with them in mind.
As a Darwin client, your employees could have access to:
1.
Same day voucher release. Yes, that’s correct, your employees can now buy a bike in store or online the same day they select the benefit.
5.
Employees get free delivery when ordering online.
2.
To stay safe on the road, those who buy a bike also get a free helmet voucher worth £25. Plus, 10% off additional cycling accessories.
6.
A wide choice avilable for beginners through to cycling enthusiasts.
3.
Eight weeks free cycle insurance is included with every purchase.
7.
For those interested in E-bikes, there is a wide range to choose from.
4.
Employees can choose from over 1,500 stores, including Halfords and independent retailers. Plus more choice via an online partner.
8.
Zero cost end of hire process, meaning employees won't need to pay anything.
We know the advantages for your employees, now what's the benefit for you?
For many, the annual enrolment window is round the corner. We've designed this proposition to be quick and easy to set up. All the work behind the scenes has been done, so you can launch this to employees with very little lead time.
Plus, as we mentioned, there are savings opportunities for your company via National Insurance.
What's next?
If this has piqued your interest and you would like to find out more please do get in touch with us. You can find out contact details on the 'Contact Us' page.