%
Cost in Annual Salary to Replace an Employee
%
Comprehensive costs related to hiring and training a new employee based on Annual Salary
%
Cost in Annual Benefits to Replace an Employee
Save Your Company Money!
Save thousands of dollars in hiring and training costs by providing a commuter benefit program for employees, many of whom may struggle with rising transportation costs. One study found that, on average, it costs a firm 25% of a position’s annual salary plus 25 % of the cost of benefits to replace an employee. Furthermore, when considering the indirect expenses of advertising, recruitment, and new employee training, not to mention lost productivity, it can cost a company up to 150 % of an employee’s annual salary to replace him or her.
How Can We Help:
Contact us to find Employee Transportations solutions tailored to your company needs
Save on administration and overhead costs associated with maintaining on-site parking lots and garages, by providing safe and reliable transportation to work sites.
Compete and win at hiring and retaining the most qualified workers by offering comprehensive benefits, including a transportation benefits program
Build a stronger, more diversified workforce and create a more positive work environment, by attracting workers who might otherwise not be able to commute to your company’s facility.
Promote your company as an employee-oriented business: A company that is concerned about its employees’ daily commute options is a more attractive place to work.
Learn the many advantages associated with providing Employee Transportation Benefits.
Direct Benefits
- Increase employee productivity by promoting commuter habits that reduce employee commute times and late arrivals.
- Save on overhead costs associated with maintaining on-site parking lots and garages and adding more parking spaces to keep up with a growing workforce by providing employee transportation benefits.
- Compete and win at hiring and retaining the most qualified workers by offering comprehensive benefits, including a transportation benefit program
- Build a more diversified workforce and create a more positive work environment by attracting workers who might otherwise not be able to commute to your company’s facility.
- Reduce employee stress and increase employee morale and employee job satisfaction by promoting transportation options.
- Increase Customer Access to your business
- Improve customers’ access to your business, as well as ensure a faster delivery of goods and services, by reducing traffic congestion and increasing available on-site public parking.
- Expand your business’s service hours without significantly increasing costs by allowing employees to work flexible or staggered work hours, thereby providing additional staff coverage and better customer service.
- Saves on parking management costs: Reducing the number of employee vehicles parked on-site increases the supply of available parking for customers and other business partners.
- Expand company recruitment options: Businesses that offer transportation benefits and incentives are more likely to retain employees and increase recruitment opportunities for individuals who may otherwise not be able to commute to the company’s facility.
- Reduce employee absenteeism and turnover: Many employers have indicated that providing reliable employee transportation opportunities at work improve employee retention and productivity.
Employee Benefits
- Demonstrate your company’s support of work-life balance, which is increasingly important to today’s workforce.
- Reduce employee stress and increase employee morale and employee job satisfaction by promoting transportation options.
- Offer employees opportunities to compress their weekly schedules or telecommute.
- Volatile gasoline prices, which reached an all-time high in 2008, have caused many companies to consider new ways to keep employees happy.
- Promote your company as an employee-oriented business: A company that is concerned about its employees’ daily commute options is a more attractive place to work.
- Reduce employee absenteeism and turnover: Many employers have indicated that providing reliable employee transportation opportunities at work improve employee retention and productivity.
Indirect Benefits
- Present your company as an innovative and proactive workplace.
- Demonstrate your company’s support of work-life balance, which is increasingly important to today’s workforce.
- Reduce employee stress and increase employee morale and employee job satisfaction by promoting transportation options.
- Offer employees opportunities to compress their weekly schedules or telecommute..
- Support Local Community Development: Provide workers with more disposable income to spend in their communities by offering access to affordable transportation to work.
- Promote Your Company as Environmentally Responsible
- Promote your company as an employee-oriented business: A company that is concerned about its employees’ daily commute options is a more attractive place to work.
- Offer an innovative way to market your Company, mid and long term leased buses can provide ad space, serving as “rolling billboards” that can promote your company’s products and services.
- Have a positive impact on the environment, by providing transportation services to your employees, you will reduce the amount of single-riding particular vehicles—and thus ease traffic congestion and reduce vehicle-based emissions.