The UK’s biggest celebration of cycle commuting is celebrated on 3rd August 2023. Cycling to and from work is more often than not, supported by employers via a Cycle to Work Scheme.

A Cycle to Work Scheme is usually done through salary sacrifice and offers employees equipment in exchange for a reduction of their salary. In simple terms, the Company would purchase the bike, and the employee would pay the company back.

Doing something out of your comfort zone, and involving as many of your employees as possible, is a great way to boost confidence and to get the whole team involved in the biking action.

You could even take it a step further and look for local bike routes near you. For employees looking to do something together this summer, cycling to work could be a great option to promote team building and create a happier, healthier workforce.

Why should we offer a Cycle to Work Scheme?

Encouraging, and providing the ability for your employees to cycle to work has a multitude of benefits:

• Reducing stress and improving mood

• Improving the health of employees

• Reducing sickness

• Improved productivity amongst employees

• Good overall employee welfare

According to a study by the Institute for Employment Studies, 66% of respondents reported that they cycled more since they joined a scheme supplied through their work. The report also found that employees who cycled to and from work had less occasions of absenteeism than those who did not cycle.

What are the business benefits of Cycle to Work?

Aside from the direct benefits that your employees will experience, there are some other benefits to cycle to work that a business should consider:

• Saving money – most organisations save around 13.8% on National Insurance contributions

• Helping the environment by reducing emissions

• Brand improvement for your business

How much could employees save?

Schemes offer large discounts, in some cases up to 40%, to your employees when purchasing bikes and cycling equipment such as helmets, lights and clothing. The calculator linked below can demonstrate the savings that can be made.

Cyclescheme | Cycle To Work Calculator – Cyclescheme

What about other benefits?

Supporting cycling to work through a scheme is a great benefit to offer employees but there are many others that can be offered to improve employee wellbeing and engagement. Hallidays HR can support with ensuring your benefits package is balanced, fair and gives value to your employees.

If you would like to introduce a cycle to work scheme within your business, then please get in touch to find out all the ways we can help!

How Hallidays HR can help

If you would like to discuss any of the above in more detail, then please do not hesitate to contact us on 0161 476 8276 or email hr@hallidays.co.uk.